Spoke to the company and they believe that another raising won't be needed to late this year, if in 2013 at all. They said it all depends on how far they progress with the regulators. Progression is good, but CR is bad so depends on which one wins out, but I am thinking people would punt on progress at higher prices. Noticed the 2m gone, there have been a few dummy bids on this but may be traders waiting for liquidity to come in because as you said, there is none at the moment.
Kyle is offloading. this guy did nothing for the stock. Did a raising, got a nice fee and couldn't land a project in more than 12 months in times when shells were flying even though this was meant to be what he did for a living! Plus he picked up a director's fee. Good riddance to him. If only I could say what I really think about him on this site.
NDL Price at posting:
3.2¢ Sentiment: None Disclosure: Held
