Ann: Extension of Closing Date for A$2.2m Rights Issue, page-4

With $1.6 m underwriting and money from uptake and 3 months to place the balance it seems they with the $500,000 placement that they in a good space to achieve their goals

assuming they extended it because of poor updAte is too obvious and too easy a conclusion....
i for one welcome another couple of weeks to decide how many to apply for..... at 1 cent a share....
agree it isahighly leveraged opportunity but upside has appeal

certainly a better bet than when Hartleys tookstock at 5 cents and I prefer N American deals to trying g to make money in China