2’s at a minimum given that’s the CR price and many have already had a dilution.
The dilution as as pointed out by the Independent Report has to be balanced against the average price range of Indus. (It wasn’t 2.1).
An initial guide will be the rate of take up of the CR.
Im more interested in the SP later in the year given a successful CR as it’s then we will have a better indicator of where New Era is going.
Ann: ASX grants extension of removal date, page-6
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