Ann: Entitlement Issue closes raising $8.8M, page-66

Im having trouble with my tablet connection. Hence second post. This is the first time the equity contribution is set at 20% on valuation modeling, equally the first time the SP of equity contribution at 20 cents per share. The obvious correction is that the SP estimate is on a 70% derisked basis, of course if it comes together then its 100% derisked, therefor circa 62 cents/share. Anyway the reduction in equity contribution signaled coupled with the increased SP has reduced the theoretical dilution by 400 mill shares after equity contribution to a little over 2 bill. All this suggests the finance/capex fugures are well advanced in my view. Happy bird.