Ann: Chinese Mining Fund Signs MoU for Stage 1 DS, page-54

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  1. 24,765 Posts.
    re: Ann: Chinese Mining Fund Signs MoU for St... "Surely management could've found $35 million from institutional investors in stock offering rather than offering a 50% stake in the stage 1 profits."

    TRF hold about 50% of IFE. I assume TRF do not want to be seriously diluted which means TRF would have had to issue scrip to take up their $17.5 million entitlement of that $35 million.
 
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