Ann: Ampella Secures $4m Placement with Instituti, page-3

re: Ann: Ampella Secures $4m Placement with I... TechStep,

According to today's ann, the company had cash of $3.6m at the end of May from previous capital raisings - so if they are now raising another $4m, I assume they must be ramping up their plans significantly. That suggests to me the drilling results have raised the stakes. It would also appear they have had a number of insto's lining up to get a piece of this @ 30cents.

Up until now I wasn't sure which way this might go, but I agree it now looks very promising.