way to kill the momentum in the stock guys. Just another stock...

way to kill the momentum in the stock guys.
Just another stock that is "funded and in production" and as soon as we start to move we get hit with a crappy $1.5m SPP raising that's not underwritten and sure to put the breaks on the stock until it closes in a month or so.
Who knows what the resource sentiment will be like in the next month ?
should of let this run.
If you needed the money quickly should of placed it very succinctly at the market price to the Chairman and or some of his large co-investors. Now we are going nowhere til mid-late October - just as we were building nicely.
People saying its fair for retail don't realise that you'll prob not get much stock anyway.
What is fair to retail - is larger shareholders supporting the stock in efficiently placed raisings at fair market prices and the stock rerating upwards. Reality is this how retail make money. By the support of the large shareholders.
Not a commercial decision at all from a team that I know have more smarts about them.