EER east energy resources limited
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all happening in the galilee - eer 2bt?, page-28

  1. Valin
    6,072 Posts.
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    31/07/12
    13:24
    Post #: 10505684
    The company is bordering on being insolvent in the absence of a capital raising. It has approximately $150,000 in the bank as at 30 June.

    A cap raising in this market and at current share price would need to be at least at a 20% discount.

    I say 10-11 cents cap raising imminent.
    EER Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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