news out columbian coal option, page-88

I really have to question the timing of this colombian adventure, and that they seem to wrapping up this 'opportunity' with another hideous gouge of the current holders, diluting again and then using half the money to cover the RRS loan? Correct me if I have that wrong, but we really don't have the funds to spare if we're rolling one expensive debt over to another for months on end. I'm also dubious about this whole "can't use specific funds outside of SA" why not use them for all the day to day, and free up other cash flow for overseas expense?

Also saw somewhere on here that Jason says "she'll be alright" as long as coal holds above $90, that's a hugely worrying statement, since when did we become such a tight margin producer? Coal above this price is the anomaly of the past few years not the norm.

Check the five year price out of Richards Bay

http://www.bloomberg.com/quote/CLSPSARB:IND/chart

Of course this statement is likely just HC hearsay, but what else do we have to go on when the company is so opaque, and announcements so thin on details.

Any idea how we can oust the OKAP lot?