Looks as if its replaces the need for debt funding, which in Africa would be crazy terms, any breakdown or strike action could destroy a small company in weeks....it's worth remembering what happened to AJM with their massive debt costs.
All will be revealed in the coming days however we need to remember management are heavily invested in this company and will do what is right for the good of all shareholders.
This raise will get the debt headache out of the way, professional investors can now see the clear pathway as we approach the pointy end of the split fully cashed up and secure.
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