renounced entitlements taken at 60c

Phone call to company confirmed that the renounced institutional entitlements have all been taken up in the book build at 60c.

That is good news for ALZ shareholders though not great. Great would have been all taken up at 66c or higher and bad news would have been all taken up at 50c or not taken up at all.

This is GREAT news for AAZPB holders because it shows the capital raising is on track to be fully suscribed at 60c which significantly reduces gearing and company solvency risk at a share price that shows good support still exists. The ONLY risk with AAZPB is that ALZ goes belly up but this early move to recpaitalise while the market still has some cash and stomach for these raisings means survival is almost guarenteed. So many now heavily pregnant that if things go really custard they will chip in with a bit more if require to protect the investment already sunk.

cheers and goodluck