Ann: Appendix 3B , page-5

It's a $45m ATM facility so is capped at $45m. It's up to the company to ensure that they issue the fewest amount of shares as possible to receive this $45m. I am happy with the first draw down as it has happened after the CC spike. Now we know why it was pre-announced. The next drawdown will happen post major contract, so even few shares will be issued next time around for the same amount of money received, and so on.

Anybody who is annoyed with this clearly did not factor $45m on top of the market cap when considering a valuation. Either this, or has no idea on how the ATM works.