At this point in time getting another 700,000 is very important. It effectively means they do not have to do any capital raisings at ridiculous levels when the market is basically a basket case. I believe when the market confidence is restored we will see a re-rating of the share price. That is when they might decide to raise some money for a pilot plant. Hopefully at much higher levels. This extra money could not have come at a more opportune time.
SPM Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
