Wow what an interesting turn of events.Director buys (all three)...

Wow what an interesting turn of events.

Director buys (all three) at circa 40c. SP drop to 33.5c a week later and now a cap raising.

There are a few different ways we could interpret these events but will have to wait until Friday to get a clearer picture.

It is likely that the price drop off was nothing more than profit taking after the last sharp run and has nothing to do with this raising. I noticed over the last few sessions it was on very low volume (not necessarily connected to a cap raise at a lower price). I am a glass half full with this one so could be wrong.

Reality is our MCap is very very low for what we are holding which does beg the question why on earth they would cap raise at this price. Are we going to wake up on Friday to find that they have secured an institutional raising above 40c? It is a long shot but a possibility for sure.

Otherwise, they are taking the window of opportunity while they have the chance at this price to squeeze a couple of mill out of us.

Very interesting if you ask me. It doesn't usually happen quite like this, so I am looking forward to finding out exactly what is going on here if not for my bank balance but just to see what the heck these guys are up to.

Good luck.