Hi Sasha39,
Agree, the loan was a strange one and took me by surprise given they have always done placements in the past to raise capital. IMO, since the departure of KM last year, the Board appears to have taken a different view of the world with the selling of PB assets, the strange loan and then the appointment of a Non-Executive Director with a background in business restructuring. It may be nothing, but our Board have some real interesting connections across several companies, I just wonder where all this is going down the track.
In the short term, it appears from recent announcements that CB is the focus so wait for an update on any progress.
Cheers
R
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