I think they will. Almost $2 million the in the kitty is a great advantage.
The new number 2 investor - Accbell Nominees = very successful group of investors with plenty of skin in the ASX game. They are also top 20 holders of Argo Investments (ARG: MC $5 billion) and Icar Asia (ICQ: MC $220 million).
Also the number 7 holder - Chembank Pty Ltd acquired 20 million shares from Charlotte Investments last September. This private investor is seen around many speccies - from what I gather, has a very successful business in Eastern Sydney.
With Hoperidge and Verona on board, the acquisition should be an absolute cracker in my opinion.
Argonaut shell - cash $1.9 million, page-4
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