Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-134

Gee, this has been a bit of a train wreck, I don't follow the stock but read about the cap raise at 40c today, and then noticed it's gone from a one year high of $1.90 to a cap raise of 40 cents.

I hope things pick up, surely at some stage the chart has to rebound and start an inevitable upward climb, probably slowly after full production is reached, but I'm not sure when that is going to be.

I checked the last time it was 40c, which seems to have been in Sept 2021, nearly two years ago.

Maybe 40 cents is a good entry point, but I don't know anything about this stock, but I might watch and see what happens.

40 cents seems to be a big discount for a capital raising, they must have succumbed to the large funding offer to accept this discount.

Maybe they want the money for something else, like an acquisition, only time will tell.

Bluegoose definitely isn't happy, and he seems to have been joined by a few others.
This is how HC provides some useful research for others.
I've been through the same thing with SYA.

Gw