10m US$ = 15m A$; very much the value of the short fall from the Entitlement Offer from January and combined with the A$15m from the private placement from Dec 27 it will cover M2 well test and preparation for 3D seismic campaign.
A farmout and creating a JV will be the next major funding step...
The listing at the local exchange and the involvement of more local investors is a master piece by SM...
This is great news by any means...
IVZ Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
