Kiss me read all the presentation vids in London the cap raise was directly asked.
Anyway imo it's simply bad timing.
reminds me again of the options debacle fall out from IW2 and cements the bad timing of our history of raising funds at all time low SP. If the company is so confident re farmins then wouldn't it have been best to hold off on this until the farmin announced at a greater SP leading into drilling.
That's my take on this and a little pissed as bought a heap at 2c on the 1st and 2nd OCT, lol, my bad.. They should have announced this first thing on the 1st. As I and many wouldn't have bought shares during this time and VWAP uptil 3rd.
Ann: Non-Renounceable Rights Issue, page-14
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