Ann: $A26m Placement and Withdrawal of Entitlement Offer, page-4

Just absolutely terrible decision to try to do a raise such a significant in the current environment, gold just got smacked from range $1300 into $1100 range, atleast give it some time to breath let the December rate decision go through and watch gold settle in the new year.

The raise should never have been done and when the brokers they engaged back tracked on their placement they should have cancelled the whole thing.

The $2.50 price should have been for the whole thing, not for a small $26mill raise, probably just burned $70mill off the market cap to raise $26mill where is the logic in that? ever heard of patience and timing whats the rush? gold is in a slump, just relax wait for a small change in sentiment.

This is a ridiculous outcome, feel bad for holders.