placement raises $736000/appendix 3b , page-3

changes the picture somewhat.
A placement every 5 months? Sheer dilution. This amount of money doesn't go far. This is pure and simple survival by the directors who are going to keep their jobs for as long as they have gold to offer and options to write. How big will the next placement be and at what low price?
Sorry Rogues, but the reality of this desperate situation must be hitting home by now.
Some companies like MAP issue placements because it accelerates earnings and is cheaper than a bank loan.
Companies like SML.......... 0.01 cent shares.