It's probably worth remembering the A$8.5m raising last year around this time at A$0.65 per share with three year warrants exercisable at A$0.75 as a reference point for some lower level price resistance, particularly given (at the time) the apparent excess placement demand.
And for the optimists ... the 3.0m performance rights issued in Oct-15 which need a $1.25 share price to vest by Jun-17 (so a bit more than 12 months from now) by way of looking at the price upside.
It's probably worth remembering the A$8.5m raising last year...
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