What influences could our recent cap raise have on the charts so to speak?
- Could existing shareholders selling to pay for their placement not explain recent downward pressure? - Likewise - the institutional placement was oversubscribed and there was no shortfall in the SPP for existing shareholders - is it possible upward pressure may come from those who missed out/got scaled back?
As for the FAA I agree timelines have drifted multiple times - but next steps I really see the agreement of the certification plan by FAA as the big hurdle (which they expect before Xmas think was the messaging)
SMN Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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