As much as one might light this business, the industry, outlook, and the like, a cap raise was always going to happen.
https://hotcopper.com.au/posts/58540393/
Rates might be low, and banks, super funds, and whatever else happy to lend, however equity is needed for basically everything and this business has a low equity base.Hopefully a nice colorful preso comes out with the raise providing a clear update, and existing shareholders get a chance to put some money in.
