Seems like everyone is a little surprised at the capital raising, can I ask why? I have been following for a while and considering an investment but when I reviewed the FY23 year end results I thought a capital raise would be needed within the subsequent 6 months so I thought I'd wait to see how that panned out. Loss making companies doing capital raises aren't loved on the market at the moment.
I must admit I didn't read the accompanying presentation so maybe there was some statement about everything being amazing in FY24 and going to be cash flow positive. If there was I'd be rather disgruntled if I had bought in and then a capital raise announced less than a month later
JAY Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held
