Well blow me down another cap raise. Who would have guessed that was the reason for the recent share trading pattern. I guess the audited financials gave it away with the cash burn in the fourth quarter and the $3.5 mil loss for 2014.
It will be interesting to see if the shareholders get offered a position or if Morgans will book build it again.
I wonder how many bonus oppies the Directors will give themselves this year - another 10mil or maybe because we have had such a wonderful year 20mil or or or......!!!
Obviously sales are not keeping up with the current spend and it will be interesting to see the next quarterly.
RNO Price at posting:
4.2¢ Sentiment: None Disclosure: Held