Rockne,
I think the raising was done to cover the cost of the re-structure.
The restructure was a necessity given the bleeding from loss making businesses.
With the being closed, retrenchments etc, a focus on the remaining profitable busineses, I would think the group should fare much better. And finally falling iron ore and coking coal prices will only improve margins.
This is a 2-3 yr story
post cap raising share price, page-28
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