So do we go again? Seems like this capital raising (less costs)...

So do we go again? Seems like this capital raising (less costs) could be to enable a bid for the one for one Govt grant deal announced by Minister Clare.

Hmmm - looks like the option holders and convertible note holders get diluted this time but I could be reading this wrong. The current conversion of note holders with the "classic" notes is much higher than what they can expect post this deal it appears - wonder what the trade off is?

Ah well I will wait for the formal document deal and do some bed time reading.

Pity MST is not in Oakeshott or Windsor's electorate - grant m obey would be pouring in!!!

By the by as I said earlier what TOD wants TOD gets.