Hi Look,
If BellPotter are the underwriters and it turns out to be .10cents a share, i won't mind as long as there is a sweetner clause somewhere in there for shareholders.
It would also make sense to have a placement with an attached 2:1 bonus options as that is what they did similar with MXR.
Having said that i would like to know how much they intend to raise to make it worth while. This type of CR does not come cheap. Someone mentioned only 10mln shares which IMO is complete and utter crap. To make it worthwhile they would have to be looking at $10 - $15 mln.
The final point. I would hope they will be able to follow it up with a good announcement of some sort to attract the investors for the longterm, which i think will be their aim.
Lets hope it does not drag on for a few months.
Cheers markco2
FDL
flinders diamonds limited
Hi Look,If BellPotter are the underwriters and it turns out to...
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