yes to repay the loan from BEE nothing is added to the bottomline cash just a book entry of a sought
yes finance deal is in place however not much info abt the deal how much it will cost what is hedge on the coal or the exchange rate
more free bees for new directors,
they say no working capital issue however still issue share for service providers at discount which increase the number of shares on issue and the alloter selling the shares
only hope this is not another pump and dump also what that cost per ton at $61 per ton of coal based on 2009 figure and estimate so by 2012 with the hedge and finance it could be certainly more IMO it will add another $10 to $30 dollars who knows
only thing positive is consolidation
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