Forget capital raising so that the sophs get cheap shares and dilute the SP even further. It will need millions and millions to bring it into production. A farm in will dilute the SP further. Bank loans will have lot of conditions. The talk is for a power station powered by gas - millions to build. Also, you cannot generate power from an appraisal well.
IMHO the only answer is a takeover by a company with big pockets. I am sure the Zim. Gov. will want production ASAP.
IVZ Price at posting:
20.8¢ Sentiment: Buy Disclosure: Held
