The only reason they didn't raise more is because of the current 15% limit on placements.
God forbid the ASX are allowed to increase that to 25% with the PLETHORA of insider trading going on!
Expect an upcoming AGM to seek approvals to issue more than 15% next time.
I can see the way this is likely going to go.
Probably a billion shares on issue within a year and massive manipulation of the share price on insider knowledge like we have just seen.
Absolutely outrageous!
These Perth companies SUCK!!!
The only reason they didn't raise more is because of the current...
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