anyone game to take up share offer?, page-11

I find these words of the new CEO amusing

"In developing the approach to the capital raising, we were cognisant
of the views expressed by shareholders at the Terramin AGM in May
2011 to provide existing retail shareholders the opportunity to
participate in the growth of the Company under the same terms
made available to institutional investors,”

The only reason they are getting retail investors involved now is because of necessity! Where else are they going to get the money from?!

There had better be some positive news out of Algeria before the end of the SPP timeline or else I cant see this capital raising being successful.