HiMihal, no one is denying that the market and coal stocks in...

Hi
Mihal, no one is denying that the market and coal stocks in general are not a good place to be and have been so since about FEB 2011. That’s when the downtrends started.
However, what I am not happy with is the constant non-disclosure of critical info to the market.
The latest and the greatest example of non-disclosure is with regards to the companies funds. Supposedly we had all this money sitting in the bank and now we’re having to raise again with some parasite hedge fund for 8.8c per share…and further to that, they want to raise another $10m for less than today’s price.
This has killed any chance of our options being in the money come Feb 2013. How can you be happy about all this and excuse all this on market forces is beyond belief?
Do you know who the $10m cap raising is going through ?
This is all BS because through this capital raising management is moving our ownership to their associates…like they need the extra cash.

How about they show 2% of the loyalty to the shareholder/option holders that we have showed them over the last 2 year and raise funds through us at a significant discount.
So why are they needing to raise funds when we have profitable mines, existing cash and working facilitie? Cant say that SA accounts belong to SA because we own a large part of the SA assets so we should have claim to our share of the available funds.