Ann: Tungsten to Acquire Hazelwood's Australian Tungsten Assets, page-5

What's the bet that this raising is like an Atlas raising ie doesn't actually raise money, just shares for debt. Different, but more ruthless broker this time.

Meanwhile the smelter still tries to run to keep up appearances I guess. They aren't making money and still haven't enough funds to do the ramp-up. More of a ramp-down into oblivion, really.

Having just demonstrated how desperate they are to sell some of the largest tungsten projects in the world for a few pennies, all funding offers from this point on are for the carrion feeders.