The dilution issue is just one concern I have — and sure, it can be absorbed if we see meaningful progress soon.
What really frustrates me about this current capital raise (and the recent ones before it) is the way management lets the share price drift lower without making any effort to support or steer sentiment.
Right now, there’s actually a lot of good news to report on the treatment front — but the silence on the ASX side is deafening.We haven’t seen any meaningful ASX announcements for weeks, even months, and that’s during a critical pre-CR phase.
Based on the sales and cash flow forecasts I’ve posted here previously, the timing for a CR is clearly between now and June.
Once again, it feels like existing investors are being left behind to accommodate whoever is stepping in for this raise.
Not a good look.
OSL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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