Instead of ~55m shares to be issued at 20c for the acquisition, looks like it's going to be 86m at 15c.
More delays are expected now that the current offer has been withdrawn. Plans for the new raising at 15c (to sophisticated investors) are being finalised.
Will probably settle into a new base of 14c to 16c now. Amazing that with gold pushing new highs management has actually had to LOWER the issue price by 25%. Unbelievable, this lot.
