Ann: Cost Reduction for Cornea-3 Exploration/Appr, page-5

re: Ann: Cost Reduction for Cornea-3 Explorat... Bear in mind too ronsteib that, of those 91.4m shares, Albers owns 25.6m to which he is eligible to contribute. I presume he will be taking up his full $4.6m entitlement. This would mean that the $11.87m target will actually only require $7.26m from other shareholders out of a total of 65.8m shares - or a takeup rate of only 61%. In light of those like me (and ANZ) who are very interested in oversubscribing, I fully expect this target to be reached. Sadly, perhaps even without an opportunity for oversubscription!

I have a valuation of MOG excluding Artemis that I will post once the capital raising has been finalised. Suffice to say that I think MOG provides incredibly cheap exposure to Artemis.