Ann: Trading Halt, page-39

They needed more cash to develop SDV, the previous talk of we have enough with the $40m bank loan was crap. Now they provide the cost of SDV being $233, which is to be expected given old DFS of $400m+.

While it would have been better if they raised cash a couple of years ago in the $3+ share price, its still not a bad option given the renewed interest in the sector, its a good way to get insto's on the register.

Also what I am happy with is for once they haven't ripped off retail shareholders with just an SPP.