I agree. What I believe the board has been doing is working to a long term funding agreement. This would then provide support to the SP and push it up higher. The board would then be able to do a capital raising at a more realistic price than where the SP has been trading.
The arbitration resolution in February will place the SP either higher or lower and will dicate the amount of dilution that will occur through a capital raising.
If the arbitration is positive I suspect that the long term funding will fall into place and a capital raising around the $25 to $30 mark is not unrealistic.
Lets hope the result is quick and favourable.
AEJ Price at posting:
$7.20 Sentiment: Hold Disclosure: Held
