re: Ann: Update to investor presentation lodg...
Can someone clarify another thing for me.
In today's amended release of Section 5 of the Investor update, there is a note, Note 1, line 4, which states: "Further, with increasing SBT production, the company anticipates the requirement for further capital / debt (present estimate in the order of $26M) during FY2012 to fund the growing SBT business, as previously advised to the market"
Is this over and above the current round and SPP? It seems to be as it refers to FY2012, and Note 2 states that they are going to spend $24.2M to complete the SBT larval rearing facility etc., and Note 3 acknowledges the current raising of $42m and the SPP.
This is awfully unclear and implies they will come back to the market, I think they need to spell this out formally for all investors and shareholders then a clear decision can be made.
Anyone else have a view?
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