scoping study, page-4

Was thinking the same thing. The pump will have to come if they are still doing the cap raising at 4c. I am thinking that the Bell Potter clients had been dumping above 4c (and I know as a fact that they have sold quite a lot in the last month) knowing that they'll get there full entitlement back at that price. Meeting to vote on the share issue is on the 20th so they'll need to pump it before then. I have tried contacting management about whether Bells are underwriting and whether they can get out of it, but I can't get an answer - Typical. Anyway (scoping study aside), people are still throwing away money if the capital raising is to go ahead.