Ann: A$15M Placement completed and Entitlement Offer Undertaken, page-49

Thank you for your shares whoever you were.

Seriously ridiculous price effect from the raise on a 1 for 40 offer.

A $1.65 high on the US funding news and now $1.04 in barely a month. ASM is a range trader's delight. Too much navel gazing at this end of the market rather than a correct mathematical estimation of the dilutioniary value effect of these raises. Another off take agreement and back it will be above $1.50+ again no doubt.

Now the usual patience game for the next announcement and spike. Seriously have to wonder about who is selling down here though. It almost certainly aint for profit.