The post from surfmore on the MMR thread is interesting reading....
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1215766&msgid=6833283
If book building pre-ipo via Pareto is $1.25 to $1.75 with only 12 million shares to be issued. This confirms the 2nd well drill capital raising.
Minimal dilution to existing holders, GBA's holding in AEL would be valued at more than the current market cap not even including it's MMR and BPH.
