half yearly, page-4

Hi Gumbles, I would think that an acquisition could happen at any time afterall at the AGM it was flagged that they were looking at a number of opportunities. I would be surprise given their cautious nature that they would spend too much more than they did on Delvex ($2.5m - cash & shares).

As they are anticipating having $4m in debt free cash as at 31 Jan, I could only see a share issue on the cards if it was a indeed a much larger acquisition. If this is the case it better be a earnings positive otherwise I will join you with the lynch mob...lol