ANX 0.00% 2.3¢ anax metals limited

accounts, capital raising

  1. 360 Posts.
    The opening of the half-year report is:
    "Currently Anadis is in the process of raising capital as a necessary step in our evolving commercialisation focus.The need to do this was mentioned during last year’s Annual General Meeting."

    This is not quite true. I was at the meeting and they said that the need for a capital raising depended on Travelan sales. So, as shareholders probably already expected, sales of Travelan have been disappointing. However, I still believe that Travelan could yet be a big success. It just might take a little more time.

    Pezz
 
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