Ann: Successful Completion of $120m Underwritten Placement, page-83

A statistic was shared recently here that around 81% of shareholders are retail investors, so many are panicking to the recent drop in share price and choosing to exit.

We've seen this pattern before with the last Capital Raise. At that time, the price dropped from $1.10 to 80 cents after the CR was announced, hitting a low of 78 cents, before surging up to $2.70.

The same pattern seems to be repeating now. However, with this new CR being allocated exclusively to institutional investors, the shareholder registry will have a healthier mix of institutional and retail investors. I'm gonna guess the SP is going to hover around $1.15 - $1.30 until the next announcement

I prefer having institutional investors in the mix because it's tougher for management to pull cheeky moves on them that they might attempt with retail holders. Institutional investors also bring stability, credibility, and stronger oversight, which improves leadership and gives confidence to medium & long term value.