...only problem here is the cash in the bank..395K only and they are planning to raise some cash with the placement of 700million shares and 700 million options.... and with already 1.23 billion shares on issue there will be a large dilution to shareholders and the low SP means the placement will be at low prices....
...pity really given the ground they sit on...
RB
will edm stage a rebound soon? - gloveski, page-42
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