In trading halt for another capital raising. Not a surprise from the accounts.
Just a small quote of the Chairman's Letter from the last prospectus for the May 2010 rights issue:
""The Board believes that the company will not require further capital raising for the foreseeable future as it is now operationally profitable and has a positive cashflow"
So no doubt it will be justified based on the $A3.1m required for the latest investment. But will be interesting to see how much they raise.
In trading halt for another capital raising. Not a surprise from...
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