A cap raising was inevitable given the delays in full production. As long as they are transparent with the current actual financial position based on production to date and forecast production to show why the cap raising is required and the benefits of it, along with ensuring no benefit to Al Tasnim i.e., equitable and on just and fair terms, then I am will support the raise to its fullest.
What I am not on board is, is the way we were treated during the last raise and treating us like mushrooms (kept in the dark and fed sh&t).
If the capital raise is of the same ilk, rest assured there are a group of us who will take the appropriate actions again if required.
The board should be awake now to the fact we will not take their garbage lying down.
I am in the top 25 holders, and am imploring all shareholders to vote down the remuneration at the next meeting too remind them of who they actually report to.
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