100m is a serious war chest, certainly sets them up for whatever direction they are taking no matter where that is. I'm somewhat fearful of the numbers that may come out at the end of this month - I think conducting such a large cap raise just before half year results are due tells me that the raise mightn't have gone as well post half year ann. Regarding the outstanding payments - with 100m in the bank I certainly wouldn't think they would accept 20c in the dollar - keep fighting I say! It is very encouraging to see the SP up in 1.40's post such a large raise and the sell side is very thin......
Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
