kagara shares suspended while talks continue, page-19

Your guess is as good as mine. You would almost have to expect some dilution. At least 100-150 mill shares at about .10c to raise 10-15 mill or something to that effect. But it's not certain. They'll probably also bring forward the MUX sale with a guarantee for 20-25 mill. Maybe they get a new debt facility if a balance of 10 can be fronted to pay off creditors through corporate bonds backed by a future asset sale.

Short-term I would expect a bounce back to 30c. Longer-term it's gonna take some time to instill confidence and repair the business. Below you can see the effect of the last restructuring but they had significantly more debt then and were both cash insolvent and largely balance sheet insolvent. This time round it's just an issue of short-term cash flow. Developments in the last 24 hours indicate things have become more positive.