Question: 1.Will there be a dilutive capital increase to fund the iron sand project?
2. if the answer to the first question is "yes", would it be possible for a german shareholder to participate in that funding?
Answer: "We are working through the detail of the project finance with Credit Suisse and the Rajawali Group. There will be an equity component but it will be small. Assuming there is an equity component there is no reason why German shareholders would not be able to participate. Given the expected small quantum of equity I expect any offering to be over subscribed and the business will be looking to bring in institutional investors who are keen to support the ongoing development of the company.
Best regards, Martin"
IDO Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
