Cap raise at 50c, page-5

I didn’t buy in the cap raise because I wasn’t confident with the Board’s performance in the previous 9 months.

I also haven’t been “averaging down” because I can’t see a reason it can’t lower by half again.

i have a bad feeling that the share price will continue to deflate on the back of no China announcements and then there will an opportunistic takeover offer in the $0.50-$0.60 range. If that occurs I am going to get smashed. All speculation of course.

Like you Mickman I believe in the product but the management have underwhelmed since bailing out at $1.35 last year. I have no desire to buy more absent actual results rather than puny announcements of inconsequential work in the Italian Alps etc.