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The Financial forecast update released on 27 July has a...

  1. oz_soarer
    442 Posts.
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    19/09/11
    13:09
    Post #: 8978188
    The Financial forecast update released on 27 July has a provision for a $10m share placement in 2012 with a note stating:

    "share placement unnecessary if
    existing listed options (188 million)
    are exercised at AUD 15 cents each
    before expiry 31 December 2011"

    So given a decent conversion rate from the option holders (me included) there shouldn't be any need for a cap raising.
    EVG Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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