Ann: Highlands Placement and Ramu Refinancing, page-31

Today has transformed this company, debt free and increased Ramu ownership to 11.3%... a injection of $113mil and market cap only increased 40mil with the rise today including the 15mil placement... The debt had the handbrakes on the sp for years and now its finally free... I feel 20% share of Frieda River is well north of today's market cap little alone without allowing for Ramu, Sewa bay and the rest.... I feel we will see a significant re-rate in coming days and weeks.... Today i feel short term holders sold out for a good 30-50% profit, but i can see lot more upside in coming future.... DYOR