Bartom - IMO it's very unlikely she'll take off as she did...

Bartom - IMO it's very unlikely she'll take off as she did post-KBO within that timeframe.

The company has flagged a $10m plus placement at some point - how and to whom - I can't be sure but IMO, we have some type of Master Fund stalking her atm.

Fundamentally, the details are scarce atm and for me, at first anything over 18 would've been a short term sell, but I'm gamely hanging on. The corporate pressures are immense to see a high SP atm. Next is 21.

All things being equal and without further updates, I am guessing a rights issue within 3 - 6 months or sooner once our friend's options have been exercised giving him (it) the right to participate at higher levels.

Truthfully, I cannot imagine her breaking 25 odd without something serious for investors to hang their hat on.

Tempus fugit and be careful of the worm that turns.