Yes raising $5m @ 10cps would give a nice cash buffer and funding for future opportunities.
A far cry from the ridiculous 2.5cps raise undertaken but the previous financial market illiterates who ran the show.
That guy who was a former Chairman and requisitioned the EGM late last year looks to have been right on the money...we now have an independent board, Richardson retired, market IR engagement and management that seem to know how to communicate.
I am looking for some definitive news on the PFAS division. It has the potential to turn this puppy into a pseudo-tech stock with the accompanying SP multiples.
Anyway...thank god the Richardsons have finally accepted that they failed, were ill equiped for public life and have largely moved on.
EGL Price at posting:
7.2¢ Sentiment: None Disclosure: Held
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