Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-20

A pre-announcement does certainly seem unusual.

It may be that they were/are in some form of finance negotiations with some other party and/or very close to a very positive trial results announcement and they had hoped that they would be in a position to announce something prior to the quarterly. The required date of the quarterly has forced their hand.

Taurean7’s post today (above in this thread) refers to a raising of A$55m stated from a source that might be expected to have some insider information or at least having the benefit of discussions with management. If so, what about the other A$40m. If they are in negotiations was it to cover the whole $55m but the timing has forced then into a much smaller current CR just to tide them over until the major event.

All just speculation.

poorinvestor