Interesting announcement. They will have the results of the SPP by now. These were due to be announced by Fri so this Trading Halt will incorporate the SPP amount. The fact that the announcement said “capital raise” may mean an additional top up from sophisticated investors. Who knows. Maybe they didn’t get much interest from existing investors and had to top up. If that is the case then all investment will have to be treated equally if done at a cheaper price. Guess we’ll find out on Fri.
POD Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
