Investor Update, page-94

I've posted previously where I felt 1.5c would be the strike point for the cap raise barring no cash producing announcement.

The market update a couple of weeks ago and this latest report are out of character from previous announcements obviously pointing towards a cap raise. Personally I didn't see the need for that first update. The 1.9 capper would definitely be termed an "unfriendly". Given the tenuous cash position the shark infested waters ADO is forced to swim in will be at the detriment to existing shareholders it seems.

If only that one announcement would come through. Im sure management are doing their best to swim through this.

But then 7.5m extra in the bank and the blue sky potential well just maybe this will be all forgotten about in 12 months time.