Raising at 0.93 was about perfect, it's just it wasn't enough!...

Raising at 0.93 was about perfect, it's just it wasn't enough! No doubt the 0.67 crept up on us all but the 0.255 still has me scratching my head as well. That released an additional 243 million shares diluting a $0.30 share price down to $0.25 just on dilution alone.

It is not the fault of GJ if the whole small cap iron ore market is out of favour. The working capital raising was bad luck, why they didn't lock it in earlier I don't know.

But GBG sure doesn't have the miscalculations of Civic Pacific!