market update, page-10

Proviso - I am sure the Board will appreciate your words of wisdom. Not.

Your comment "If the share price plummets so be it! I am a LT holder so I may as well wait some more." is plain insane.

The reality is that if this deal fails and there is no alternative finance options, there may be no next time. Why?

1. The Africans will get jack of us like you are getting jack of Hanlong and give us the flick? Could happen. They will not wait forever.
2. We go into a slow bleed with continual cap raising into oblivion.

Again, look at FMS. IO in the ground, Sp of 8.4 and dropping after 30 cent TO fell through. The IO may stay in the ground forever.

Don't get greedy - there is a very bad history of stocks recovering from these situations.

I am confident that the deal will get done at 45. Doesn't the fact that this is so hard and no JV or counterbidders have come forward tell you something? (Dont blame management for that, anyone is free to put their hand up)

If anyone thinks that one day we will get $2 or more for this stock, then they are dreaming.

The idea of not caring if the SP gets smashed is not helpful to many investors on this forum who may have a lot to lose in that scenario.