Ann: Successful Completion of A$32.9 Million Placement, page-16

'I love his aggression' - Ian Telfer on Sibanye-Stillwater CEO (sorry but HC blocks this so **promotion blocked**metals has it)
NCZ doesn't get a mention as he's only forking out US$43mil(A$57mil) on his shares here but seems there's lots of sellers willing to shed assets to him. NCZ lucky to pick up this white knight IMO as they hadn't made payments to Varde and MMG that were due in Aug/Sep totalling over $A50mil - those details can be read in the Entitlement Offer prospectus(pgs53-54) released last week.
Still should be profitable moving forward and no liabilities to pay from now until Jan23 - it's all going to depend on production and prices - there's an obvious statement.
Next month shareholders will be looking at the new NCZ with 125mil shares on issue and trading around $2.25 with a lot of retail investors being squeezed out.