Ann: Landmark Deal On Costs - Mining Back On, page-48

I like it too, based on there being plenty of cash flow so that they are sitting on a pile to pay down debt....be careful of what the notice says. They do not intend to pay it down immediately is what I read...whch is fine, as long as the re-jig with contractors and IOP contribute to increasing the cash balance so that the bond holders can be paid out and there be enough for working capital afterwards.

How you other guys arrive at 2.6c in value when there is a capital raising at no lower than 5c is odd. If it did nothing but sit in cash its value would not change...if the company liquidated a day later, than ceterus paribus, your 5c will be worth.....5c. Can only be so if there is no value in the 5c, i.e. you were throwing good money after bad, which would be hard to argue unless the IOP capitulates for a long period.....plus shares tend to trade at multiples, Plucker's calc, though simplistic would be closer to the mark.