capital raising., page-3

Why would they need to raise capital Hairy? Any ideas?

~$30m cash coming in any day now + funding for Penumbra already covered + access to $15m working capital from ABSA + steady cashflows/earnings from 3 operations + cashed up BBBEE partner. I assume the Botswana drilling program has already been funded. Already mooted that ABSA are prepared to provide debt funding for DeWitt.

From the two news items on Colombia - looks like some kind of offtake agreement/funding arrangement ala EDF, but with a steel producer.

What we need to see is some liquidity on AIM - so if there is a good reason to issue new stock (and it would have to be a bloody good reason) - then it might go to AIM investors, preferably at a premium. I'm sure our new brokers Investec are keen to see this.