The joke they call the ASX. The company issued shares less than 3 months ago. It hit 24cents. Been sold down ever since on some pretty decent volumes at times. Insiders as usual win out. Was always speculative. The worry is it still $100mill marketcap. Could still easily drop substantially from here which means any further placement (which they've confirmed will happen) will be very dilutive.
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- Ann: Operational and Corporate Activities Update
Ann: Operational and Corporate Activities Update, page-72
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