Ann: Investor briefing - Full year results to 30 June 2018, page-53

No-one likes the dreaded D word -- dilution -- but not all CRs are to be feared. I remember when the idea of a CR was raised back in 2016 and the usual suspects emerged to say, no, never, not gonna happen. But it did happen, and guess what? That raise set the foundation for the strongth growth in the US. Our shares may have been diluted, but they are worth more than twice as much today as they were at the time of the capital raise. My point is there is good debt and bad debt, and Rob Newman knows the difference. I have no inside knowledge, but I agree with Gillyrooms. I think there will be another CR within the next 12 months. It makes strategic sense. The share price is high. It would set NEA up for the next stage of expansion and growth. It would be a hedge against any unexpected downturn in the economy. I reckon one more CR and we're off to the races: NEA will reach $3-4 within two years.