Money in the bank is great but its very disappointing when its done this way. Its very naive to think this raise was anything other than mates doing mates a solid. Insiders get the most shares possible for the cheapest price. Have no doubt that now this is out of the way the news flow will turn back on and the share price will head back into the 20c range.
Still would have been nice if we had a raise at the 16-17c range to form a nice solid base
Ann: ICI Raises A$10.5m in Oversubscribed Placement, page-41
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