Ann: Carnaby Successfully Completes A$20M Placement, page-318

i think CDT is a very relavent comparison for share price movement post cap raise. They halted at 4c and raised at 3.6c with a 1:3 option giveaway with a 5.5c conversion. I think our raise was cleaner. Anyway, they came back on and traded between 3.6 and 4.9 for a week or so... then bang threy are mid 6s. No announcements of any weight in there. Simply the cap raise paused the momentum for a bit... then when everyone realised no more cheap selling - away it went. Will only take a minor event in CNB (ie any announcement that isnt negative) and we will take off. If not before then in anticipation. The market should be very comforted by the complete lack of sell pressure post cap raise.