They had $5.5m in the bank prior to the CR which raised $17.3m after costs. At the end of June they had only $14m left.
So I assume you mean they should have raised earlier at $0.90? Because otherwise they would have $2.5m in the bank now in a much worse capital environment. The raise itself was absolutely spot on in my view. My own participation was less than optimum.
Ann: Q4FY2022 Webinar Details, page-14
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