Net assets of the business as of last financial reports show...

Net assets of the business as of last financial reports show that the MC of the company continues to track at a slight premium to it...

as much as I am one of the people calling for a share consolidation - as long as ASX market capital valuation exceeds value of assets on the balance sheet - there really isn't much point.

The use of equity to fund growth is great for the stability of the business, but I feel that the GRB need to offer their shareholders the opportunity to increase their capital invested at the same time as these institutional placements - for the sake of fairness... there are some LT holders in this forum thread - seems unjust to watch your slice of a company shrink... and capital growth opportunities are also diminished to due issuance of shares at a discount to market rate.