Hi 5shareholder, and then there is also the balance of Sioc funds owing approx $9m which is under vendor finance arrangements. Terms thereof , due when etc ..
I think we have write downs /impairment charges as possibilities. Current thermal prices DeWitts economic? Auditors surely this year will be asking the right questions regarding vanmag?
As a shareholder after the Sioc deal I never expected the need for additional funding so quickly ? The Bergen raising was so disappointing. Australian shareholders have funded South AFrica if Australia corporate needed some cash why couldnt South Africa pay pack some o f the funds as you rightly point out given the funds that are now available?
I hope Jason replies as clarification is required.
Cheers
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