Hey Mick :) when you reply to me, select reply with quote then I...

Hey Mick when you reply to me, select reply with quote then I know you've come back.

Must say @Guido21 you live in a lovely part of the world mate. You should be down the beach having a body bash.

Ok Mick, so you say that a take over close to $400 million would work.

I say in return, that if I am weighing a take over price at $400 million I am needing to include the debt of $190 million to be paid out which leaves $210 million for the share holders or say if the raising goes through at 100% the total number of shares in market would be 2,683,225,968

$210 million / 2,683,225,968 = 7.8 cents per share.

If I was looking at this scrip for scrip there is still that whopping big debt that is impossible to ignore.

Plus, I am sure most companies that might consider acquiring this company are probably doing the numbers in more depth and waiting for a fire sale after the keeping the lights on sale is unsuccessful.

But, one thing I do like is your hope that the company makes some serious debt management plans beyond discussing refinancing and extinguishes some of that burden.