very true about finding a fly in the ointment part way through plans, on opportunistic cash raise off a bounce in share price late this year/early next year would be pretty palatable... trying to think of scenarios, I can put one idea forward
the mention of "Execute service contract with Queensland Government to operate existing site Water Treatment Plant" in the latest presentations could add some costs/overheads to the path to build decision, so a raise could be to enable the instigation of that as a revenue source? So while a raise would be a little dilution, it could be to get a cash-flow going which would be a very nice de-risker as they continue moving to investment decision on the main game
coming off a base of only 140m shares on issue is a pretty good place to be i guess
CRB Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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