Agreed, if the information posted here is correct then I feel very positive about this. The raise is bigger than I was expecting but gives a double whammy of reducing debt (possibly clearing it entirely) and then a few million for working capital. Context is important here - only six months ago it was trading at 2.5c and to raise $7M would have required 280M new shares, versus 100M today.
Still, it's a highly speccy nano cap that could as easily go bust as it does go boom, but the fact they've got the interest to put this away so quickly is pretty encouraging.
@at6568 which broker is on the raise please?
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