W - the other bit I "like" is "...The placement is being managed...

W - the other bit I "like" is "...The placement is being managed by Blackwood Capital Limited. A fee of 6% of the funds raised is payable on completion, in addition to the allotment of 2M options exerciseable within four years of the date of issue at an exercise price of $0.30..."

so BCL reckon 30c a share within 4 years is do-able, as D Cometti says - thats (not) ambitious

you would think if things are as a flash as boomer reckons they would have raised at a premium, been run over with offers to do the raising at very competitive rates and not had to offer 2m oppies with a goal of only 30c in 4 years

enough from this former holder, await the gnashing of the teeth and wailing of the voices from boomer in reply telling all and sundry how this is the best buy of 2016 (like it was in 2015) and will be in 2017 etc etc