botswana coal road map, page-23

Pizzabox, I'm no expert on the intricacies on a potential raising, I would think that as much good news as possible would want to be out before a raising would be contemplated. Unfortunately, with lack of liquidity slowly rearing its ugly head again in recent times, this would need to be considered as well as far as timing is concerned. A JV with a larger cash rich firm would be a possibility, too. Botswana, fortunately seems to be quite stable and the fact that other good coal deposits are being found and developed is very good as well. Time will tell and timing could be the key IMHO.