Not ideal but if this is the last thing they have to do to finally get it happening I can swallow it. If they need to do it again then I will be really p!ssed.
They obviously plan to have multiple mining sites operating with Area 81 being the first. So if by end 2016 they can have a few operating plus shore up SA to JORC compliant status then this dilution will be palatable. Time will tell but I remain frustrated, hopeful for short term success now and so optimistic.
Ann: Underwritten 1 for 4 Non-Renounceable Rights Issue, page-2
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