So instead of the BRTO's perhaps BRT could have considered a SPP in the place of BRTO's??? Similar cost, with the possibility to raise more?
I know the recent money raised will help to push BRT further into production etc, but I just hope its enough to not have too many of these placements happening, which dilute shareholders value. To me the good news is they must have some reasonable stock orders to warrant needing extra cash and I really hope the cashflow generated will be sufficient to instill confidence in a financial instution for their cooperation going forward ie. bank loan.
Quarterly results will be interesting, but I would much prefer a longer term confirmation of forward orders etc. which we are unlikely to get. Will still hold this one and will look to top up if we do go down to 7c.
SLE
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