Ann: CEO Letter to Shareholders, page-22

I had a substantial holding here but the delays to commercialisation took it toll and I decided to exit and watch. SP looks fragile atm, especially with global markets struggling to hold 200EMA levels on major indices, and at current cash burn a raise in Dec quarter 2018 looks likely at a lower SP

The ASX speccies (XEC) have had a bumper run in the last 3 years, bringing new tech for funding way too early imo, and traders have become wary with lack of even cash flow neutral some after 24 months +

BRN, IAM, ISX and many others