annoucement this week, page-6

The way i see it is the cap raising investors like Regal who got in for 4.5c (from memory) are still unloading into the face of good news - and this will continue for a while yet as there's a shed load on them to get rid of.

Good for them to get 100% + profits in short-time, but bad for LT / retail holders as all the wind get's taken out of the sails in the lead up to any announcement, meaning we're unlikely to get that much of a bounce. Or to put it another way, if the build up got us to 15c and then we got a 20%+ pop on an announcement, that would be better than it we were at 10c and got a 20% pop.

It's very frustrating, but not the fault of Regal, etc... they are doing their job. It was simply a bad management decision to source capital from such places and we're now paying the price.