Dont tell me over 500m they raised over the past 2.5 years is now worth 87m . How is it none of the people handing over their funds didnt foresee any of this. Is the 500m still there waiting for someone to take them for nothing like private equity.
"Our principal sources of funds have been proceeds from an entitlement offer of $75.6 million completed in November 2012, proceeds from an equity placement completed in November 2011 of $180 million and the September 2010 entitlement offering raising $269 million. In February 2013, The Company successfully placed the shortfall from the pro-rata entitlement offer raising an additional $4.5 million. In addition, the Company from time to time has obtained parent entity short term funding. The Company secured a twelve-month US$50 million working capital facility from Turquoise Hill in the September 2012 quarter which was repaid from the proceeds of the November 2012 entitlement offer
IVA Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
