cap raising, page-16

Hey Bonza,
I can see them coming to some good eventually. Its just taking a fair whack of time. They have the value there - just can't make it materialize.
I just can't see how this raising can make any sense. Unless, they have an incling a sale is due this year (you would damn well hope so...) and they are expediating plans for the new 20000bbl facility?? This is drawing a long bow though...

I look forward to seeing the commentary that comes with this announcement. Hoping that, after a month of silence, they have more than "discussions are progressing and we are seeing strong interest" again.
I mean, C'mon, with an investment bank looking to earn a 5-10% fee (hundred million or so??) a month should be about all they need to put together a short list of interested buyers - thats if they are putting in any effort.

Once again, sitting back and hoping.........