Ann: Daily NAV, page-27

I think you are making this raising unnecessarily complex. The raising is to give existing shareholders a chance to “top up” at NTA, and also to add bulk to the FOR pool of funds to replace those in their unlisted fund which Steve plans to get out of. My guess is that many who are in the unlisted, will tfr to the listed entity.
Log onto FOR and listen to Steves explanation.
There wont be any shovels or nuggets involved in this raising, its just to replace the funds under management by FOR and to carry on their normal funds management business.