Ann: Institutional placement investor presentation, page-27

While I am happy for NEA to raise funds to accelerate growth, the lack of a retail component still annoys me. Just as it did in 2016 last time we saw this scenario play out.

My disquiet has nothing to do we SP movements & everything to do with a 11% dilution to existing holders & lack of respect shown to exisiting retail holders.

Long live renouncable rights issues.

All that said, I remain a loyal & steadfast shareholder & supporter of the company.

Edit: Will be buying more to overcome the dilution.