There are 1.3 Billion shares in issue as it is, the last rights issue was at 0.8 cents, prior to its announcement the share price was 1.7 cents and the vwap somewhere in the 1.4-1.5 cents range.
So with the share price now at 0.5 cents, why on earth do you think the next capital raising is going to be at 0.4 cents? everyone now knows its coming & will need to be substantive given the way the company spends it like water.
There are hardly any devices out there to get the sort of representative sample that a study of this nature will require.
You'll likely get my shares on Monday then.
I'll have another look when the funding announcement comes out & see how little I need to pay then.
Unless they've clearly changed strategy & let the market know accordingly 2 months from now, the fund raising will be under 0.4 cents.
I can see another Billion shares coming which might just last them until 2017.
LOTM
ALT Price at posting:
0.5¢ Sentiment: None Disclosure: Held
