new val at $2.43, page-49

The key for us here is timing of the capital raising through issue of shares. The later we go this track better it would be. Getting a loan now to fund the $3B capex and paying that off in a year or 2 years time by issuing shares at that stage will see the value grow for all of us. A share which can be issued at a price of 30 cents to 35 cents could be done in two year at a price of $1.2, which implies only 25% dillution as compared to now.

It's a big decision and I am confident that GJ and all directors will do their best for the interest of the shareholders.

2M options issued to the directors today make it important for them as well to retain the value of he holders.