santa fe and igs, page-3

Proposed cap raising increased from $5m to $15m.

Honestly I don't see IGS not in control if the merger takes place a big deal. Share price has plummeted year on year under previous management and board. Will Sante Fe be any better? Who knows...

IGS most likely would have had a cap raising 2 years from now based on previous spend anyway.

I think the real question is how much profit can their producing mine make? After SF's debts are paid and prospect secured... will the new company be self sustaining? I never expected dividends from this company but that may be likely in the future?