So a 'shelf registration statement' gives notice of intent to issue shares and is valid for three years if all the shares in that statement haven't been issued - I haven't checked to see what the case is here.
Otherwise they have to lodge a 'registration statement' (with no notice) before proceeding with a share issue.
It will be abysmal if they've waited until the share price has sunk to this level before doing an issue - it should have been done at least three months ago if it was to be needed. They do not have a good record of handling their finances properly.
Sorry I can't be more helpful.
Ann: Quarterly Activities Report, page-53
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