I think it is just to coincide with the Pre-Opening party on the 12th of July at the gold coast plant.
I visited the plant recently and I was most impressed with the progress.
The acceptance date for the rights issue is the 19/07/02 so I expect that many major and minor sharholders will take up their rights after the party and the associated media exposure. I believe Paul Keating will be attending the launch on the 12th as well as Energy Australia Officials, local council members, Institional Investment representitives etc.
A New board member is to be announced apparently. They are just organising contracts and terms. This new board member will allow the James (CEO) more time in the field and doing what he does best.
I believe also that any shortfall in the taking up of the rights issue is already spoken for, and that according to ASX listing rules, they have a maximum of 3 months to place the shortfall with investors.
