Intersuisse have 'get out' clauses which have been discussed in...

Intersuisse have 'get out' clauses which have been discussed in another thread. If you are a true believer in IFE and what they can achieve with the fund you'll take up the entitlements (my view anyway). By taking up the entitelements you get a free attached option, maintain your investment without dilution and do your part to ensure that the project goes ahead.

I know there are plenty of people around here willing to take up the entitlement even though the current share price is currently at a discount to the entitlement price.

Each to their own, but I think if this raising is successful, ore will be floating off to Asia by years end, with the share price being at a minumum the $1.00 area with the oppies 'in the money'. That is totally my own view and DYOR but once the iron ore is going out the door i really don't see the SP hanging around at 70-75c for too long.

Not to mention if production is achieved on time, due to recent Japan disaster they are going to be doing some major re-construction requiring steal (iron ore). This helps prices at least stay at their current level for a while longer vs previous IFE projections.