Hard to tell RJ. Some of the punters here have shown a total...

Hard to tell RJ. Some of the punters here have shown a total distaste while others are looking for full amounts. I think this is a valuable insight into the general ANP shareholder population and what trading psyche we can expect while at the bottom end of the shareprice, until the punters realise they should have held them tighter. But it would appear the company is trying to minimise the dilution and increase Insto/Soph equity by raising only what's absolutely necessary at this stage. If you recall, the "placement" was scaled back and that's precisely the type of money they are looking for. I don't know if SPP capping was a condition or selling point to the insto/sophs placement, but I hope it was.

Don't forget that we have 8m x 0.08c and 35m x 0.145c options expiring 22 Dec 23, which is not far away and if fully exercised would raise another $5.715m, around half of what was just raised. That's nice to know that additional funds are potentially available (above the 5c raise price) and for them to be exercised, the SP needs to be >0.145c by EOY. Personally I hope it's higher than that, but it means we're heading in the right direction and it's just time before it keeps appreciating.