Takeovers Panel - Nido Petroleum, page-2083

I was going to comment on the options tonight.

Twynam did take part in. The 14c raise.
I. E it made them sub shareholders.

How much do we really need cash wise?
Extra $1-2 mil? If we are likely to be cash flow positive by EOFY, we only need the shortfall in reserves.

IMO we would be much better off raising after NICNAS and sales are announced.

I still believe any CR will be completed by Foster SB. They are meant to be doing a broker report. It will be interesting to see their SP forecast.