trading holt, page-21

It's a toughy trying to figure this one out.

I will be very disappointed if there is no news to accompany this (if it is a) cap raising because I presume this will mean that a significant announcement will not be due in the near future like we have been expecting.

It's also confusing that the SP has held up quite well last week when I would've thought it would drift lower on doubts about the contracts.

What could it all mean?

Maybe there is a large investor getting on board at a reasonable price (18 to 20 cents) accompanied by a smaller cap raise for holders.

Maybe a contract has been signed and this has allowed for debt funding to be accessed.....hopefully but I?m not holding too much hope for this.

After the dismal uptake of the last cap raise they may have to discount heavily. There is a difference this time though, investors can visibly see the value of the options and the demand for them. When I participated last time, I did not place that much value on them, well not the 10 cents that has been paid anyway!

Fingers crossed