I think the Q will put the pin to this little bubble. The timing...

I think the Q will put the pin to this little bubble.

The timing of the news yesterday is more about giving the SP a bit of a buffer rather than priming it for the AGM. Smart move, they dont want to go into the AGM at .26

People have compared the numbers in yesterdays preso to today's annual report.
Unless they have had the debt collectors working overtime, there isnt much cash left.
(the fact they reported cash+debtors is a bit of a hint)

They have an extra $5m in reserve to draw upon to get them through to a profit in last Q.

Gunna be tight.

If they do need a raise, here is hoping they keep it in house before going to insto's.
Wont be till after AGM and by then they may have demonstrated the forward projections in yesterdays preso are coming to fruition.

I am sure there would be enough of the local punters to back them with their hard earned.
Some of the T20 who have been sticking around with a position may be ready for a more serious dip.