Toastman, I never attacked you so I am more than happy to hear your opinion.
Zak, in my opinion, given that scenario, the capital raising albeit a small amount could have been a longer-term strategy play.
If things go bad like they did in the last 6-12 months and companies are limited by the number of CR they can do in a time period etc. then it might be a move to secure the ability to do a future CR at an ideal or necessary time
It's a bit out there but if there's a good CFO, and given the spout of disasters here, in the US and everywhere else it could make sense. 3.1 was a very unfavourable price though.
Did that make sense?
UXA Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held