You've got to laugh - we've had a seller(s) the past few weeks desperate to sell and get out, selling millions and millions. Now there's a 10 million buyer desperate to get in.
That's right Dafad, 5 mil Aussie. With a burn rate of A$400k per month cash will be enough for about 12 months, but could be longer with increasing sales.
It looks like the seller is far from done, so even with a good update next week the share price could languish for a while longer, albeit it will speed up the selling.
The reason there is no TR1s in the last 2 placing is because they have gone to dozens (if not more) of HNIs. I spoke to someone from Allenby after the placing last year and asked this question - they said you'd be surprised just how many HNIs there are taking up the placing and selling for a quick profit.
Let's hope so Parkez. We need results - it's time the company started showing us their action is paying off. I'm trepidatious as results have historically always been a massive let down. We need to see significant improvement.