A share capital raising will be required probably in the next 6 to 12 months.
So it may be possible to buy the shares at a lower price later on say in the event of a rights issue.
They need to raise at least $US134.4 million (Aust $200.2) for the cost of plant and management costs as estimated in the Quarterly Activity and Cash Flow Report of 30 January 2009.
That is a wopping amount of money that they need to raise and it may end up a lot higher that that amount when the other projects are factored in so earnings will be diluted over many more shares.
Always seek independent financial advice before buying or selling securities.
share capital raising required next 6 months
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