could cooper be our partner?, page-25

Good Oil'

It is interesting that you pay so much attention to AuDAX, and, when you are not down-ramping,you can be sooo informative; I enjoy your quality posts and links that can add to the purpose of the forum...educate readers about the potential benefits and risks of the market.

I note your comment "your comments are naive in the extreme. Please explain how Trafalgar could take a placement of more than 19.9% (say a $5m placement at todays vwap) without having to launch a takeover of ADX?"

Great stuff that others possibly missed; but! what is the purpose of the facility?

Well! that other apparently naive person...no other than Wolfgang Zimmer himself, in the ASX release 4 September, said:

?This new [A]$20 million facility allows AuDAX to push forward with certainty its plans to drill the Sambuca well in the first half of 2010, whilst enabling increased flexibility in terms of volume and timing of financing our activities going forward?.

Perhaps you, or others, can explain how this could happen without triggering a takeover?

Naively yours,
pmunt