Ann: Full Year Statutory Accounts, page-36

They can raise at any level but it wont benefit us shareholders , they also have the debt facility .

Id say that they were hoping the last fluffy announcement in regards to the JV or Partnership with Mid Metal would have pumped us higher for a raise , but the market didnt buy it .

If the money men / 2 sharks at the helm had any cop on then they would resign and appoint the proper personnel , they do not have the background or track record to convince the market , allmost half a mil last year on flights alone and then over a million on salaries and " CONSULTING " fees , these guys have no shame , total share price destruction ever since they took charge , and constant please explains and announcement clarifications by the ASX , trying to spin a partnership as a JV , trying to spin an engineering study as a Feasibility Study , show me where they have given shareholders a decent return on their capital , show me where they have succeeded as board members or directors of a listed or private company .
Replace them with a reputable MD or CEO with the experience and track record and watch the share price re rate immediately .