AMAL Updated Website, page-28

Hi Uni, the 25c figure is less than a 10% discount to the current AMAL share price on both the SGX and ASX , so not an unreasonable figure for capital raising if they so chose to do one, perhaps you are not yet use to the impact of the AMAL capital structure on likely trading price, it will likely take some a bit of time to adjust to the different pricing.

Why do a $40m raising you ask? , well I thought that was quite plain from my previous post, to avoid having to pay those high interests rates of LIBOR + 13% on that loan facility, part of which is to be utilised to pay for the Fines circuit I believe.

The debt was raised at a time that it was difficult for them with the ASX waiver issue and also restrictions on new share issues due to merger conditions. So their funding options were perhaps limited at the time, no such restrictions now apply so perhaps they should re-visit it and look to raise the money via a capital raising instead.

Sophisticated investors would probably prefer a placement, me being a "little" person would prefer to see a rights issue to replace that debt, a rights issue would give everyone an equal opportunity to retain their percentage holding in AMAL

Anyway, looks like no surprises in the A40 trading price, about where I thought it would be in relation the the 40F trading price on the SGX.

All just in my very humble opinion as always of course.

Have a good day

Thanks