Ann: Becoming a substantial holder from MQG , page-3

A raising is imminent IMO based on their business plan as they have stated they will place approx 60m shares to raise between $3 - $5m. 8c is approx $5m for 60m so could be 6.5c or higher. Once the transaction has been completed, EPS will have approx. 230m shares with a notional market cap of approx. $18.5m (which equates to approx. 8c). NB. Macquarie is a top s/holder of Takatu.