Ann: Trading Halt, page-17

Unlikely to do overs. Brokers are following up after hours which is a sign it’s not filled. The passing of Ian Wilson, which massively aided credibility of the board was just unlucky timing as a few sold out on that news limiting the discount of the raise on the last closing price. Looks ok on a 5 day VWAP but asking for money in this market for working capital and a 8% discount doesn’t really scream buy unless you love the company/story. If they can’t fill the $1m that’s a bad sign. I think they will though.

Interesting company but passing for now. Would much rather open a position when it’s a bit more de-risked. Assumptions in the recent broker report look fairly optimistic and even they admit this is a FY25 story so plenty of time.

Keen to see how this trades post raise. GLTAH