Shareholders have had ample time to buy on market whilst it got hit into the teens. 10 day vwap looks to be around 23c, so expect the CR to be around 20c.
My guess is that he tapped Fosters again - explains no buying from them after the presentation (I could be wrong though) - I hope I am as I'd like to see new sophs onboard. Another $500k from Ken Hall would be nice.
This has been timed very badly imo with news from the pilot plant expected anyday along with an update from the European group.
Anyway, dilution should be minimal & always good to have a healthy cash balance but on the face I'm a little disappointed.
Shareholders have had ample time to buy on market whilst it got...
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