I find it interesting that only AUD 23 million was raised on this placement. At 0.77 exchange rate this equates to USD 17.7 Million which results in a shortfall of about 3 Million USD (very rough figures). Interesting also that it seems the finance package for Perkoa is likely to change in it's composition from what was announced to the market a while ago. Maybe more debt and less equity?
Also, did I read the announcement right ... are they actually putting the box cut in place as we speak without an expoitation licence? I guess that there's nothing wrong with this as technically AIM is not exploiting the resource ... does anyone else have an opinion on this part of the announcement?
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