Yes I agree Onceover. But what does that mean? Raise now as the...

Yes I agree Onceover.

But what does that mean?

Raise now as the grades are likely to be ordinary (not really likely), or raise now to help out mates and existing holders or if they were that good why not wait 2 weeks and do it of the back of that?

Hard to tell and I have no idea. My thoughts are the rc results will actually come in very good so why raise now? Seriously they still have 500k why not in a couple of weeks?

My only reasoning could be that they have been approached by multiple brokers wanting a piece of the pie and the money was too good to resist! Then they have thrown shareholders a line as well and given them a go too.

The other thought I just posted on the RIE thread is that they will want to buy out RIE's 20% share asap and will raise enough to do that. But surely RIE are smart enough and they are good mates so I doubt they would try and dupe RIE but say $4m for RIE would be very tasty to go and do their own thing with considering they already have or will have $1.8m.

I just find it a strange time to raise imo.