What is the likelihood of them raising the $2.2 million and resurrecting the stock?
I would have thought that the PacPyro acquisition had a lot more going for it than Ephraim Resources does and yet it fell over.
Having said that the PacPyro acquisition required a raising of $5 million whereas the Ephraim resources acquisition is less than half that amount at $2.2 million.
If it is to raise the money and re-list what does everyone else think the share price will be upon re-listing, given the 1:28 share reconstruction and the issue of over 1.5 billion shares?
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