Look at who the major shareholders are.....Top 20 hold approx 80-90% of the stock, including JP Morgan, ZTF Investments, Boulle Titanium, Citicorp, African Development Fund and there are many links between them.... They will raise the cash as no-one will want to be diluted..... Not to mention the commitment from the announcement 12 march 15:
"World Titanium's three largest shareholders have each provided a commitment to subscribe for their full entitlements under the Entitlement Offer totalling approximately $2.48 million as follows:
Boulle Titanium Ltd (currently 20.37% shareholder): 24,575,020 new shares, representing a commitment totalling approximately $860,000;
Mineral Deposits Limited (through its nominee) (currently 19.10% shareholder): 23,046,042, new shares, representing a commitment totalling approximately $807,000; and
African Minerals Exploration & Development (AMED) Fund II SICAR (through its nominee) (currently 19.27% shareholder): 23,255,039 new shares, representing a commitment totalling approximately $814,000."
The have the support....unfortunately it is you Peppie who is severely misguided as to who will raise funds..... they will raise very close to if not the full amount.....do some research and look at the linkages of who is involved in this project....... also, prices of commodities is irrelevant now, it is the price when operating....... This is as cheap as it will get...... Bring on the ESIA and the reduced CAPEX associated with shortening the jetty and wharf structure.....
You were right with one thing....this is a great project....
All imho.......
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