I think they are wanting to avoid another panel scenario so they...

I think they are wanting to avoid another panel scenario so they will be looking at all aspects of the raise before announcing another. This includes

- Size of raise and considering whether some things can be met via cashflow now, or can be delayed (considering some of the apparent needs were non-core and could quite likely be met via cashflow given they were 12 months away and the plant is expected to be operating much better at that point)
- Underwriting of raise and whether major shareholder underwriting a massive raise at a 30% discount is appropriate
- Whether other forms of funding are available

They will legally want their t's crossed and i's dotted before going again otherwise they risk being foiled again and looking like the incompetent douchelords we suspect them to be....