Before the closing date of 9 July, hopefully there have been...

Before the closing date of 9 July, hopefully there have been some developments on the Virgin sale front that will give a clearer picture on what (and how) the $100m to $120m is going to be spent on.. A bit of press this week saying both remaining bidders are looking at a slimmed down Virgin going forward so assume this leaves opportunities that AQZ fancies picking up.

Until then, look on the SPP as an option to purchase at a price no greater than $2.95. Shouldn't be any meaningful scaling given up to $30m sought from existing shareholders under the SPP, so if share prices improves over next three weeks, there is a 'free ride' available.