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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