I think it is very unfortunate for them to do a cap raising now when they had plenty of time to do it in the 40s earlier. What price can they fetch now in the cap raising? 20c or 20 something cents at least I hope. I guess they were waiting for market to turn around before they do the CR but this current turmoil in equity markets has caught them out.
I think it is very unfortunate for them to do a cap raising now...
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