All of us I am sure with hindsight would have preferred for Management to have gone with their first capital raising price and not the 2.5cps (2nd choice) which they took to the market. It was obvious that the market would fall to this price, and as seen to slightly below it. I was going to buy at the 3+ cent mark and am sure that's where we would be now if that price was used.
With no meaningful announcements and only conjecture on the table for which holders can make decisions it is no wonder price have dropped with general market.
Poor strategic management is reflects poor management overall and confidence is lost. However, by releasing current and relevant news that can justify their decisions and show clear long term planning, the damage can be limited on a short term basis.
You promised but haven't delivered. We've asked for it and some have even pleaded for it, but..... Even a 'sitrep' report would be nice?
SBL Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held