YTC struck a finance deal Kruiser so the market is not totally broken at the moment.
If you look at the broker report with the 6 Bagger target price (Shares issued segment), Helmsec assume that the number of shares stay the same into 2013,2014,2015,2016.
From MNB pre capital raising media report
In August, the company appointed Everspring Partners as a corporate adviser to sound out strategic partners interested in the financing, offtake and development of its projects.
"The process is going very well, site inspections have started and we expect to complete early next year," Everspring Partners partner Paul Lock said, adding that Minbos had received significant interest from downstream users in Russia, Germany, India, Japan, China and Australia, all with significant balance sheets.
Do you think the Australian interest is from Wesfarmers? You can google wesfarmers and sahara phosphate. Wesfarmers buy a small amount from Morroco.
looks positive, page-57
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