Because the majority of posters on here have their head in the...

Because the majority of posters on here have their head in the sand. They read through every announcement looking for "positives", but don't see the bigger picture, which is that previous promises and management "confidence" have failed to deliver and meet milestones.

Previously management have said they will not further dilute shareholdings, and will instead seek other forms of funding. The blind optimists on this forum all clinged to that saying oh this is what management said, so there will be no capital raisings. Now look where we are. Previous capital raising to sophisticated investors only, and now another at what is an all time low share price. It's a disgrace.

The blind optimists on this forum keep clinging to the fact that oh management say they're confident. The fact is that means absolutely nothing, because despite all of this time they have not been able to deliver. Confidence means nothing until they actually achieve something. Right now they could very well just pull up stumps.

The blind optimists say risk is now lower, despite this very likely being the last roll of the dice. Orica will walk away in 2 months if they do not produce results.

The blind optimists say it's such a good thing that we can apply for a government grant, and we might get something. Is that our core business, or is our core business producing results? The fact that you are looking at a possible government grant to celebrate is very concerning. If management were competent there would be no need for any government grant.

The blind optimists can continue to over-analyse announcements to try and find a positive spin on anything, but reality is reality.

There is nothing to be excited about until they actually produce a result. Given the history, I do not expect there to be a good result, but continue to hold in the hope of a miracle.