With 'talks progressing' where are they going to be with todays announcement?
Also, I found this comment interesting...
"The capital raising would be struck at a 35 per cent discount to this price, lifting the equity base to $550m and providing for a gearing ratio of less than 30 per cent."
Therefore a cap raise at around 3.9 cents. No wonder the share price has been kept down with the help of that BOT. Every shareholder needs to take part just to make some money out of this.
AEJ Price at posting:
5.8¢ Sentiment: None Disclosure: Held