Cap raises while a necessary evil, not only dilute shareholders...

Cap raises while a necessary evil, not only dilute shareholders but also result in drawn out share price churn and falls. I posted strongly on this when the CR was announced and was criticised.

What investors have to understand is that the sophs are not taking part because they love the company (regardless of which one it is). There is NO INTENTION TO HOLD. It is solely to gain access to a huge number of shares to trade.

They can then manipulate Sp and drop the price well below the CR placement, allowing @Student and others to buy more (including myself), and then force down again making profits regardless of where the Sp is.

I have been an investor/trader for 30 years, and this is always the way.

AUT MUST show the mkt and shareholders how they are using the last CR monies to be becoming a producer. Demonstrated pathways as @ACEMINER posted.

While I have no doubt EOFY selling is impacting, management need to show investors cause to invest. Confidence in pathways forward.

For @Student to constantly repeat now is a great time to add (regardless of where the falling sp is), is very misleading. Management need to provide confidence that there is a pathway forward and CR monies are prudently being used, so investors (current and new), can mop up the CR churn.