Finance Raised:
Debt Syndicate - 320.6m euros
Macquarie - 23m euros
EMR injection - 25m aud, say 15m euros >> Extra 50m shares, 450m shares total
Total - 359m euros
Require ~77m euros still for Phase 1.
Takeover or not NPV of $3 billion AUD is ridulous for a company with Market Cap of $240m AUD.
EMR wouldnt be investing if they didn't know this was a good thing.....they know whats coming, agree with you Pat.
Ann: Key Strategic Investment of A$25m Secured, page-21
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