Chubbito
Only 40m shares on issue.
To raise $30m at $1.50 is only another 20 million share.
This is the perfect situation for a nice discounted Share Purchase Plan.
For $15m, a 1 for 4 entitlement @ $1.50 with 1 attaching $3 option.
For $30m, a 1 for 2 entitlement @ $1.50.
Or course, the share price could go higher tomorrow & next week, to $2.50