From what i recall the relocation happened from the middle east which is a far costlier market to pay people in than Aus. I think Europe was closed due to lack of success, cant recall what happened to Asia (i think it was scaled back), which left resources in SA which seemed to have plenty of work and a low cost base. So on that basis relocation to Aus from ME should have saved money.
Having just raised capital i would be horrified if they needed another one so soon, although i would agree that another capital raising introducing yet more shares would probably spell the end of this share being anything other than a penny share for years and years to come.
UBN Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
