I was (and still, I think?!) a big believer in this company and the management although I must admit, the lack of news has me questioning.
However in relation to the pre-approved share placement facility, I am confident management will simply let this facility lapse and in their usual way, no announcement will be made. I believe management had good intentions when seeking approval for the facility, they just didn't foresee the share price being held back to the extent it has been as a result, thereby not even worth thinking about using.
I continue to hold on the basis that the facility will lapse and hopefully the share price to steadily rise post the 23rd. A nice boost would also be handy should a positive announcement be released just after this. Lets hope Im not proven wrong
KEY Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held