Ann: A$100m Institutional Placement, page-175

I am using PLS as a comparison, in addition I did say in a few months, i.e. when the dosh starts coming in. End of the day we have the goods, and now we have the additional funds, surely this is a better position than we were in a couple of weeks ago, as such back to $1.6 is a no brainer, with a move higher as our product hits the market.

I agree with your assessment that the quality of the institutional investor will also have an impact on sentiment, however, in the end the greatest impact will be getting our product to market as quickly as possible and an extra $100m in hand will surely accelerate that process.