Hello Everyone,Roger Montgomery has disclosed on his site that...

Hello Everyone,

Roger Montgomery has disclosed on his site that he has participated in the recent capital raising and goes onto say that,

"I believe a worst case 20% ROE on the total capital raised will be achieved within 18 months. To get that number I have assumed zero percent return on the majority of it. I have spoken with the brokers and to Aaron Begley last night."

This is very positive in my view as Roger is conservative when it comes to his estimates and valuations.

Whilst I don't know the details my instinct is telling me that this CR will be very positive for the company although will obviously have to wait and see.