another pathetic capital raising

Well the Chairman - bless his little heart - "Is pleased to see such strong institutional support ..." waffle waffle waffle

Gees these guys are just not worth the money that is paid to them.
Share price was 80c and they have had to offer stock at 45c and the existing shareholders get crunched to 56c. And this was a pleasing result!!!

This follows on from debacles at SWM, BBG FKP etc etc. Anyone can get stock away at a significant discount to the share price - every one of those instos who bought at 45c is now at least 15% up - and bale to sell into the markwt whilst the poor retail holder now has to wait and then perhaps take up the entitlement.

Seriously poor form.

I hold in distress