Ouch. Raise incoming -- a question of how much are they having to discount?

My view. It’s clearly a mangy dog!! Take anything left of your invested funds and run for the hills…just don’t break into a sweat.

Looks like 30m @ .... 6c.

Needs EGM approval for 2 part raise and oh look this time there is a SPP.. back the truck up they are taking over subscriptions for the SPP how generous of them.

Thanks to the continued updates from the inestimable @mikebrisy I finally shook off apathy and pulled the pin on $BOT 2 weeks ago. Thankful to have dodged this one. (Of course, if I had listened to him earlier I would have gotten out with a tidy profit, instead of the decent loss I ended up with.)

We have our answer on the BOT raise: 06wd7dh5wy4wn3.pdf

~A$40m from insto and sophisticated, plus A$5m SPP at $0.06

+ Options 1:1

Poof goes any remaining shareholder value

@Tom73 spot on. This was looking like it will at best become weakly profitable some way down the track. But now, on an ultimate EPS basis, it's a sad story for those who have held on.

That they raised capital did not surprise me - a while ago I predicted "late CY2026 or early CY 2027". That they moved so soon, did, big time. But I guess then you have restrictive financing covenants and a SP trend only heading south, soon is never soon enough.

Unless something changes dramatically (never say never) I cannot see this amounting to anything. For example, I don't think there is one jot of new information adding to the last report, which says that any momentum into CY26 is not worth mentioning. (But I'll stop here, as I don't intend to pile on.)

My real question is: who would pile more cash into this?

Disc: not held