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
