Their wording doesn't give any indication as to where the problem lies,,, i wouldn't be holding my breath for news on the 28th. Under promise and Over deliver. Definitely a mantra that CGB need to learn.
If they want to conserve cash, but dilute shareholders further by paying with shares, they probably need a vote for it (i cant imagine any acquisition costing less than the 15% of shares they can issue without needing approval) So we will find out in the next 2 weeks, when they call the AGM and post the resolutions.
CGB Price at posting:
2.1¢ Sentiment: Sell Disclosure: Held