Gents, When in your opinion do you envisage the Capital Raising / Capital Transaction to occur? I would absolutely hate a dillution of equity as this would really undo alot of the good work carried out by management. However the Capital raising will be positive for the longevity of the entity in my opinion.
I personally expect Glenn to oversee the captal raising hence my expectations are for this occur in Dec - Jan prior to Glenns' departure.
As forementioned i believe that raising i.e. 2 Billion Shares at say 10-12c will do little for the improvement of the NTA. However some of these directors are fairly narrow minded.
CER Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
