i expect they didn't go to shareholders because they needed the money the day before yesterday.
I expect we'll get a dump when they're finally issued... investors lured by Shaw's don't tend to be a patient lot...
but if what we've been told re the offtake, then supposedly its cash cash cash from here on in ... yippppeeee (... isuppose...)
News: ELE Elmore Gets Firm Commitments For A$4.35 Mln Placement At A$0.03/Share, page-4
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