Ann: Capital Raising, page-9

Well once again Jonathon Downes has shafted his long term shareholders with another placement to his mates.
I note that not one word has been uttered re finance progress in todays ASX presentation other than a MOU signed off with CNF in January 2017, so how are we expected to believe that production will commence in 2019 when in 2018 we don't even have a progress report on the financing other than "Interest from other financial sources"?
This crap we get given about the wonderful support the company has received by this placement to his mates is wearing a bit thin by now, if these so called "sophisticated investors" are so keen on IBG why didn't Jonathon set the placement price at a more relative price to the current market rate, yeah, because we all know through past experience they have only bought in to make a quick buck and move on.
I will await with patience over the coming few months the ASX announcement stating finance for the Citronen project has been signed off and the project is now fully funded into production!
If that doesn't happen there is no way production can commence in 2019 and JD's tenure would come under very close scrutiny IMO.