30 November 2011 – statement re share price

Following the share price fall late yesterday, the company has stated that it is in talks with major shareholders and other current and new institutional investors regarding ways to fund new growth opportunities that are available.  There has been no change to the company’s prospects.  This rather opaque statement would seem to indicate that there could be a rights issue or some other fund raising exercise in the offing.  Although long-term prospects remain very promising, the short term uncertainty caused by the statement means that the shares are a HOLD.