Ann: Landmark Deal On Costs - Mining Back On, page-41

Wow, they are going to the market for over 5billion new shares if fully subscribed... There are currently 0.9billion shares, that's 5times more shares that are currently on the market!! Not sure why existing shareholders are pitting happy comments on this forum! I suppose it's better than getting nothing back from your shares if the company went into admin.
Sure, there have a new cost base now, but I smell a rat. This whole thing has just been to bail the company out of debt. They are just using the market as a quick ATM machine before the company will inevitable collapse anyway. They can't compete longterm, ago have had their day in the sun.
Be interesting to see how the placement goes and the shareholder vote. They might the sound of crickets again when they rattle then tin for a handout