Just some maths here though this is very high level. Based on...

Just some maths here though this is very high level. Based on what I read it appears that we are talking about equity investment- so someone selling equity for cash injection to the business. For me the best possible shareholders to do this would either be catcha group or ex CEO to be selling out.

Now even if we say 10% of equity which would be 43m shares. A cash injection of 30c a share would only be approx 12m dollars. Not a lot of money to be selling 10% shares for given that the company is about to turn to cash positive months.

Hence the market announcement as to the negotiations being incomplete and chances of transaction not happening. Personally speaking I would be looking at quite higher than 30c if this is the equity transfer from one shareholder to strategic investor. If this is a placement then a different issue altogether. By the looks of it doesn't look like a placement at a discount for now! Goodluck. Bought another parcel today.