Just had a chance to reread and digest this fully.
Its an accelerated entitlement offer, so should comprise BOTH an Institutional component and then a Retail/Existing holder component.They always finalise the insto component first, and that usually influences the takeup rate for the retail/existing holders.
If they raise at .20c, i'm definately in.......
Regardless, still interested to hear the story behind the desire/need to raise now, as compared to post FID. Consequently one wonders whether a NAIF announcement isnt too far away......
Keep an eye out for media reports re quantum of the raise over the weekend, team!
Ave a good one.
Ann: Trading Halt, page-12
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