I agree Jono they will definately pump up the anns and PR before, or in conjuction with, any type of capital raising if the management have any sense.
Was in a bio stock recently and their share price went up close to 20% over the 5 days leading up to their capital raising. Coiincidence? I think not clearly trying to get their 5 day average SP up to raise funds at a better level and why not they did as intended and had a successful outcome (for directors future salaries maybe? I sold out).
Timing and content of these upcoming announcements is going to be crucial over the coming months because I think market conditions are going to shaky to say the least. I think a clearer picture for the future, from my perspective, will be formed in the time leading up to the end of July.
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