I think what you stated is the most likely reason.
The only other reason is there was a shortfall in the CR and more funds required, or another raise required for second facility in US.
Edit: was replying to Lynetteg
Ann: Trading Halt, page-12
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $62.22M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 16.0¢ | $1.485M | 8.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 945464 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 165083 | 5 |
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| AL3 (ASX) Chart |