Ann: Market Update-AYB.AX, page-49

Hi Snowy101, they are talking debt of $13.5M for the first 2 and $20M for the other 3
This equals $33.5M in debt finance along with an increase in shares from 305m up to 940m

Therefor - substantial increase in shares on issue and substantial debt compared to assets.

If they manage to or decide to get all 5 farms it appears it will be financed to the max. or close to it (100%?) Same applies if they manage to get only the first 2 farms. Please correct me if I am wrong.

MeToo