re: Ann: Non-Renounceable Pro-Rata Rights Iss... Peter Stedwell superannuation fund paid top price to purchase 17,000 shares at $0.25 last Friday. Not a lot of money but possibly intended to inspire confidence and get the price moving in time for the placement. When this did not work they decided to revise the offer as they must believe the placement would not succeed based on limited news. Quite probably the reason they have not announced anything yet is because there is no news to announce, just like before during the supposed "news blackout" following Opes collapse. Everyone claims they are withholding news but there simply is no news.
Would be very interesting to know how much cash they will have left by closing date 22/12/08. Revised offer should work and hopefully get them through to the final call on SLACF in February but I think they are cutting it very fine. Hopefully there are no budget surprises in the meantime.
von.
re: Ann: Non-Renounceable Pro-Rata Rights Iss... Peter Stedwell...
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