Agree with you Phil no issue here in fact is it a positive imho.
Sojitz is still on board just that the gov funding previously announced for a combinantion of equity/debt will not go ahead because of the earthquake.
The cap raising will be for the $250m plus $80m contingency for the LAMP as the funding was tight here.
A 1/10 rights issue at $1.90 will do the trick plus some extras for private clients of the Morgans.
This will be a positive as the uncertainty was a cloud on the stock and full steam ahead with stage 2 funding in place is what this raising will bring to the table. We did not want stage 2 delayed because the jap gov printing press has been washed out to sea.
With an imminent concentration plant start up to be announced ane RE stocks back in vogue get ready for blast off on Friday!
Good luck to all
trading halt, page-31
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Last
$7.75 |
Change
0.000(0.00%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.88 | $7.66 | $13.33M | 1.713M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17351 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.75 | 85285 | 1 |
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| LYC (ASX) Chart |