I believe it will be Magna as FT has been slow in delivering- and they still may, but we need to settle this transaction- maybe this was why there has been some director position movements.
The current management are taking steps to alleviate the issues that may occur if they take the Magna financing, i.e. nothing can happen with this Magna position for at least 90 days and maybe by then--- because we will then own the asset, there may be different finance positions available.
To date, we have only had the possibility of owning this asset, that will change after Wednesday,it will be ours, then lets see what opportunities arise- Ive heard all the negatives about Magna and let the nervous nellies leave- they will have their opportunity later this week.
The value of the asset will determine the value of our shares, whether in the short term there is some weakness in our price or not.
It's cheap at these levels, that why they got away a $2.6m capital raising at these prices.
Long and strong
Cheers
I believe it will be Magna as FT has been slow in delivering-...
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