Ann: Placement raising A$6.2m, page-43

Have we hit the floor, we can not be sure due to a different approach with the CR that is normally conducted.

Normally yes the price drops after a CR, this is because the shares issuied to the CR partipant(s) is on the day that the trading halt ends and the partipant(s) would be selling to recoup thier intital investment and more. If this was a normal set up CR this would of been yesterday, but since this is a different setup CR things are not played out the same way.

This CR is different as in EDE are still yet to recieve the funds until the 28th Feb, which at the same time the CR partipant(s) will be issued their shares. So the only ones selling are those who have jumped the gun or the panic sellers. Very unusal (though does happen) for company to wait to issue the shares at a later date. Normally this happens when the company knows of news in the wind to allow the CR partipants to sell out on the hype of buyers buying into the announcement. No doubt we will wait and see what unfolds in the coming week.