I think Neil makes a good point in todays market across the board raising cash is not easy.
Cost of living pressures has hit many Mum + Dad investors and not everyone has disposable income or dry powder set aside for cap raises, I think overall to raise just short of $9M is not a bad effort,
I did think the SPP would be a bit closer to fully subscribed but as you say @steve a little less dilution is not a bad thing, besides when the SP gets above 12c the opportunity arises to exchange the options for fully paid shares. There will be some dilution when this takes place but hopefully we’ll have a rocket up our SP by then and it won’t matter.
Also I believe we are just waiting on the ASX to approve the options to be listed so that could be a source of extra income for some to sell into if that approval goes ahead. The other good thing is that we will all receive our full allocation.
Roll on the end of October let’s get this drill bit spinning, we are in great company to be drilling right alongside the big boys (Santos and Shell) this gives us excellent market exposure and with any good results coming through we will have all eyes focused on us.
Happy Days ahead IMO
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