Good news for option holders with most of the risk taken out of them with a two year extension for 0.5c each. I would say that most option holders would take up their entitlement, not sure how well the SPP will go, i dont think FWL will raise too much cash from investors at the moment. Negotiations with overseas investors will most likely be stalled again due to all the doom and gloom around at the moment. It would be good to get an update to see if things are progressing at all on this front.
LCG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held