Everything says that logically they should announce an offtake agreement next month that may push the SP to 2.5c and then shortly after do a CR at 2c. However, whilst that would be in shareholders' best interests, seldom do managements worry about that, and instead prefer to do their CRs to the so called 'sophisticated and professional investors' at a lower SP to attract more interest. So the S & Ps win and we lose. That's just how the game works. I suppose a person with more forethought than I would have taken the 1.8c on offer last week and run.
Ann: Investor Presentation, page-4
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