amount of dribble about the option price, page-24

"Aka I was surprised as you when wm bunged on a 33% increase in shares on issue. One thing that has changed is that he now has to build the rail facility on his own."

Lateron - I am pretty sure they would have know about the port and rail in September when they decided to get the loan from Minsheng - Remember even in that announcement they were saying early DSO sales would reduce their reliance on the facility- This rights issue only makes sense to me if the conditions attached to the loan are that onerous W.M wants to avoid it like the plaque ? if thats the case I can understand it because he has been done over without the Vaseline by the big end of town before - It just looks bad to me -

This is the second time have done a placement within a very short space of time after saying it wasn't even being considered at current fire sale prices - The first time was just before M & G got the 10m at $2 and again with the current rights issue in complete contrast to their September ASX release posted in the other post earlier in the thread