I think a retail placement will really pi$$ holders off seeing as they were asked for money at 2c in Movember last year (went to 4c after that), and it's strikes as bizarre seeing the cash position is already so strong ....cash burn relatively low......almost $3m right? 1.6 million in the bank and 1.38 million in subsidiary company (CRL)??
What's going on here?
I have real faith in Gary.....his credentials are impeccable (ex BHP) and even he would understand shafting holders at these low prices will never be forgiven and forgotten....
The best outcome would be raising at premium 2c hopefully to but a base on the stock and finally get it into a technical uptrend.....and coming out with that some significant news about the coking coal project which is very economical at the moment
Ann: Trading Halt, page-32
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