When I read the 2 announcements my reaction was very positive...and still is. Sure.....equity placements have a tendancy to pull the price down. My gut feeling is the signals are now out that this little company is not sitting around waiting anymore.
The equity raising is not for the cash (I may be wrong) but to get someone else into the game and give them a vested interest and to create interest.
No toungue in cheek, I may be wrong but I think this has upside and would be surprised if it is not share price accretive - I hope I am right (for once).
Interesting times
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