The cap raise was simply to cover the costs of this research...

The cap raise was simply to cover the costs of this research project.

The presentation etc at the same time is like they are trying to generate some interest in the company. So as to get turnover, so that those wanting out can get out and create a new base to move forward from. The higher the share price the less dilution there will be to fund the purchase.

I'm guessing he next announcement will be in 2 or 3 weeks time

LOTM