Call me naive however the capital raising of 1.6 million sounds like it's from a Sophisticated investor who wants in at a cheap price. I think it's a good announcement at it validates that there is someone else who wants to take a piece of the pie.
Fundamentals haven't changed. We have an outstanding resource that's ready to be used either for future gas and/or fertiliser sales. Negotiations will continue I'm sure.
in regards to COVID... some members have indicated that it shouldn't affect business... well...unless you have had your head stuck in the ground.... it does and will. The landscape of doing business within Australia and across the world is changing as we know it.
what we don't know is whether it leaves a permanent mark or will be eradicated over time. I'm not overly concerned... eventually business for everyone will have to resume. I heard a report yesterday that they think this might be another 2-3 months away. Depends who you listen to.
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Call me naive however the capital raising of 1.6 million sounds...
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