Ann: Quarterly Activities Report and Appendix 4C, page-22

Are you kidding, 40% of the US markets use this type of facility where as in Aus around about 12%, because this is a relatively new concept here in Oz.
The Co can draw down on this facility at any time and totally at their discretion where they are charged a single fee of up to 7%, which means no massive dilution on the table, no discounts to the SP or no free attaching options - the Co controls the sale of their shares full stop.
Too many broking houses are getting a bad name for not supporting companies after capital raises and this ATM alternative is a brilliant way to secure funding without having to be at the mercy of the Broking fraternity.