good news for ero

the good news for ero shareholders ( those shareholders who had shares prior to the back door listing), is that the vendors of the back door listing, have the chance, to contribute (on a pro rata basis) their commitment to the prospects - ie they will have to put up cold, hard cash. a spp would be too easy on the vendors.

if the vendors put up the cash , then they deserve to be rewarded. when the deal was done, the vendors were probably expecting that ero would sell their alluvial gold operations for a couple of million dollars.

in the end, it would be interesting to know, how many of the vendors take up their entitlements - but those numbers would never be revealed.

disclosure -- "no position"... sentiment - well it is hard to say - after all, it is a penny dreadful, but it could easily go to 0.5c