cap raising?, page-10

it depends shabandri
2 options

Nystar have had enough and are getting out- Cap raising whatever they can now to fund things because they have blown their dough - This would be bad but thankfully it's very unlikely

OK now the more likely scenario
The Feasability and JORC research have cost more than expected and more cash is needed in the short term simply to finish these off (remember everything in mining always takes longer and costs more than expected so no biggie) Nystar will simply front up a little bit more dough to make sure the deal gets done, they have a 30% ownership, most of which was at 35cps, therefore I wouldnt be surprised to see a few million dollar 'top up' of funds by Nystar to IBG for 35 cps. It is not in Nystar's best interest to see their holding diluted by a cap raising to SI's at a discounted price

IBG is 'worth' more than 35cps therefore Nystar might buy at fair value, not ar market value and so we could see the cap raising at a higher mark than 35 cps.