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How do people think the cash issue went?From a NZ perspective,...

  1. old man river
    3,353 Posts.
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    12/04/05
    15:45
    Post #: 867630
    How do people think the cash issue went?

    From a NZ perspective, the timeframe to get A$ cheques ready after the forms arrived late in NZ, then to get it back to Perth by today was a real push. So I reckon the up take from NZ will be mixed at best.

    I am not sure how people in Aust feel about oversubscribing for these sorts of things. It does not seem to be the norm from people I know. They just tend to subscribe for their share and no more.

    Pity, cos the options attached look quite nice, esp the short dated ones where you get a free long dated option if you exercise them in 2006, quite ingenious thinking I reckon. Let's hope the drilling has some success and sparks the share price.

    Open for discussion.
    EBR Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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