incoming directors and an existing director set to benefit from...

incoming directors and an existing director set to benefit from the issue of 27.5m shares at 30c to ancoa as part of this deal

ancoa have an option fee for the project and not much else

there was a proposal to ancoa from another asx listed company to acquire rights to the new project for $4.7m but ancoa holders new deal set to be worth $8-$9m based on a vwap price of 5.1c pre consolidation

directors thought fair value of EMU was 6c even though they had 8c per share in cash

it will be easier to raise $60m cash at 13.79c (30c post consolidation) if the share price is higher imo

i'm guessing interested parties will try and push these 14c plus before the egm which in turn could assist the North American/Australian brokers to get funding for Hillgrove