Hey Terpet, while I can understand where you are coming from.To date, while I know this whole project has been a disaster, J.B (the MD) has only ever shown himself to be committed to share holder interests. Why else has he stuck around? (its not the money, he has actually lost money, even when you include his pay).
The dilution is painful, but on first look. Cuba may be the only project capable of taking the current plant, which would save $10's of millions.
I am sure we will get more detail on Cuba soon (famous last words)
Ann: Rights Issue to Fund PFS for La Demajagua Project Cuba, page-8
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