I usually err on the side of optimism with MNB, but shaping up to be a short term f@&king disaster for the SP, will get smashed on open if this is all true. Hard to fathom how we went from oversubscribed with no options and interest from a major player, to a small double dilution raise, for a couple of projects that tick a huge amount of boxes. A statement like "ongoing discussions with interested investors" won't cut it this time around when we come out of suspension, if we come out of suspension... 3-6 months now for this to claw its way back to even current SP levels if all that has been confirmed here in the last few days is true!
