Why did they raise so little? Maybe management actually believe they can meet the time lines they have delivered on so far? If so would it be unreasonable to believe that they can get best shareholder value by raising more once contracts are signed? Do not forget management own a butt load of shares so why would they dilute value at 15 cent cr raisings if they believe disclosure of a line of site project is imminent? They would be expecting that the next cr will be at 35 cents at least if timelines are met. This is one belief based on what we are told by management who have not let us down yet, or we can believe that it is because management are inept, did not raise enough and will have to do an imminent raising at 7 cents. I will leave people to decide for themselves which scenario is more credible. I would be more worried if they did raise a massive amount as it would have been a sign that they don't believe their hype and wanted to ensure enough money in the kitty to keep paying themselves. Once again I will leave it to people to decide for themselves which is a more rational viewpoint.
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