You seem confused."No, I don't think it will be filled and they...

You seem confused.

"No, I don't think it will be filled and they will go again at a reduced price. I don't believe they will pay 20c for the first exploration round."
= $5M minimum raise not met?
As in, a failed IPO or investors preferring to wait on the sidelines until the first post-IPO capital raise, expecting a reduced SP.
So what price is worthy, do you feel? Strange "reduced price" commentary for an IPO. There is no legacy - reduced price as compared to what?...
At admission, $9-12M MC, $4-5M EV. Very good value, if you rate the discovery potential of the ground.

"Maybe to get EGR shareholders to buy what they want first and then sort the rest out later"
= $5M minimum raise met
Sort what out later? So which one is it?

As far as I can see, there is no real separation between EGR and general applicants. 25-40M IPO shares will be placed.




I think the capital will be raised with ease. Minimum $5M - large landholding, prospective Ni ground. Not underwritten. I'm not sure how many EGR holders will partake in the "priority offer" though.