and again here comes another one 1, page-31

Confident? So confident it has to prop up its own share price? Or, maybe it is confident that the Chinese will not seek FIRB approval for 20% unless the SP is somewhere near $3.80. Maybe going to 20% was dependent on the SP being above $3.30?

Who knows? Not me, not any of you. What is clear is that if Wayne had raised $40m too much from OW, the COW offtake could have been at a lower discount by selling the shares at a lower price.

Sorry bulls, this smells of desperation.