There are two possibilities:
(a) management was not aware earlier that a CR would be needed (ie when the SP was 20c+)
(b) that the management knew earlier that a CR was necessary.
Either way, it does not look good for the company.
In retrospect, I guess Bill's resignation from the board could have been
seen then as code for this CR and the pushing out of the timeframe to full production.
All, IMO, of course.
mm
Ann: Investor Presentation-KRM.AX, page-4
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