They've got some good solid results from the sensible amount of money they've asked from the market so far. They could've raised millions in the last CR, but they just raised what they needed to develop the targets they had. Maybe their approach to dealing with the market is a bit naive, but at least it's erring on the side of conservative. I've seen way too many companies look at the millions of (shareholder) dollars in the bank and feel the need to blow it all before the end of the financial year. I'm not stressing about any dilution at this stage, but I'd like to see a well thought out strategy presented if they're asking for more of our money. Anyone buying in at this stage would be getting a pretty good deal IMHO.
WSR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
