The discussion by several posters over the resolution regarding the ability to issue an extra 10% of shares - the 7.1A Mandate clause - is a furphy. This same tactic is employed every year at AGMs by the majority of small-caps. It is wanted by BoDs for tactical purposes but is rarely utilised. There is nothing unusual about this resolution for a company of this size.
I agree that the comms from the company aren't the best - and never have been - but I think it's fair to assume that when they have something 'concrete' to tell the SH on what the next steps are then they will put it out. It's pretty pointless for them to put out another release saying that 'discussions with IMEC are continuing'.
I'd like to see them stating that they have engaged with IMEC's Smart Brokerage team but we shall see.
4DS Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
