optimised bfs, page-11

10,000,000 shares @ 30 cents = $3,000,000 cash injection

22,792,446 shares as payment for fees associated with work in optimising the BFS over the past 18 months.

22,792,446 @ 30 cents = $6,837,734 = R56,890,000

You're kidding, right?

Forget the smoke and mirrors about DRA buying in at 30 cents per share, can anybody hazard a guess at the actual weighted average cost of the shares issued to DRA?

I'd say closer to 15 cents.


Stagman