Ann: Trading Halt, page-37

Smaller than I expected, which I judge overall as a good outcome. I had modeled that they could get away without a raising, however, without knowing the costs of getting Blue Spec into production... impossible to know. $0.40 is about right, I was too optimistic at $0.42.

We can all agree we would have preferred it be raised at $0.51, as part of the main raising not so long ago. I don't think the SP will struggle at all once this is completed. CAI offers very good value. E/V will still only be just over $100m.

Looking forward to reading what Blue Spec is going to provide.