placement, page-5

Poor form or poor management? Cheapies for a mate no doubt.

Brett knew funds were running low for a VERY long time, plenty of talk of more con notes etc. Brett knew the market was rough and getting rougher for a very long time. Waits until sell down then flicks some out at the "buy price" during essentially a "no bid" market rout. Probably triggers a placement conversion clause for existing con note. A mate of mine is fond of saying "good managers raise funds when they can not when they want to".

This makes a rod for his back share price wise unless funds from off-take partner comes good very soon IMO. Off-take finance is the only thing keeping this puppy above penny dreadful status. If a deal can't be done now it never will and all the paper is worthless anyway.



goodluck