I suppose the costs of preparing for a float are not minor - so I can understand the repeated extensions. Does the ASX specify a limit on the number of Supplementary Prospectus's ?
It has been unfortunate for us that from the time these floats were announced market conditions have been poor. I have noticed several recent resource and gold floats sitting on circa half of their float price.
Ann: Fifth Supplementary Prospectus , page-5
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