short term price target of $0.13 fully diluted, page-35

Notice that in the report that they expect there to be a share issue on AIM. Despite what has been posted on this forum, I didn't expect it any other way. Also note that the AIM listing is slated for H1 and not Q1. This explains why we haven't had a timetable yet ie Conti are being flexible with the listing date.

What all of this tells me is that Conti are planning an acquisition (which has been mentioned by them) and it will be paid for by the issue of capital on AIM. Importantly though, the flexibility of the timetable (if there is one), tells me that Conti have a predetermined price to raise this capital at and will not list until the price is sufficiently high enough to minimize the dilution effect. Would anybody here really care if we issued 300m shares at 12c to acquire another Mashala? I certainly wouldn't.