Well, any prudent investor who has done their homework would have realised AAG needed to raise capital within the next 3-6 months.
Cash balance is estimated to be just over $2m at 31/12/2010.
Good to see management being proactive on the matter.
Better to bed down a placement now, while times are great, rather than risk raising during any oncoming economic storm.
Got a good feeling about this one.
Could be a green day when we resume trading
:)
Cheers
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