Ann: Fully Underwritten Placement and Entitlement Offer, page-4

I'll be using it in part to lower my overall purchase costs (I've been in since well pre-TGZ development and spin-off). AS far as I'm concerned the co and the mineral sands Industry has turned the corner.
I have close to 100% faith in Simon Marwhinny and guys at Alan Gray (the major share holder). They are the ones who told me to expect the rights issue well over a year ago.
I assume they 'll be doing a similar thing to myself. re- buy in costs.