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AC87

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20/09/17

12:24

Post #: 27339561
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Originally posted by invertedva ↑

If PACE doesn't come through, they might do a SPP with existing shareholders. Also, don't forget about the 15% rule.
I think it sensible for management to assume they've got a 50% of getting $4-8 million from SA government, and minimise dilution now. Also, with these government grants, they always about 'catalysing private sector funding for the benefit of the state economy'. If we have the full amount needed for JAWs in our bank account, the government review panel will say, "This is going ahead anyway, so they don't need government money. Next."
That's my experience with how these government departments think, and their selection criteria too.

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No it's not sensible to assume your going to get government grant money. It's sensible to assume you get nada...

STX Price at posting: 8.6¢ Sentiment: Hold Disclosure: Not Held
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Last 22.5¢		Change 0.015(7.14%)		Mkt cap ! $644.7M

Open	High	Low	Value	Volume
21.0¢	22.5¢	20.5¢	$2.660M	12.36M

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No.	Vol.	Price($)
2	135042	22.0¢

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Price($)	Vol.	No.
22.5¢	2190726	28

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No.	Vol.	Price($)
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13	862411	0.215
15	1671108	0.210
27	993445	0.205
27	1609802	0.200

Price($)	Vol.	No.
0.225	2167471	27
0.230	3404589	26
0.235	597607	13
0.240	1565189	17
0.245	645520	14

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