Always a possibility, though I doubt it. Such presentations usually come out after the Trading Halt while brokers build the book.
They have on numerous occasions stated it will be non dilutionary funding, $14m from IDC leaves US$12m, if they were going to raise funds through a placement, I think it would go to the strategic partnership investors they talk about. They don't need a presentation for that. I said yesterday SJ had 17%, but notice they show HongKong Jayson as the top shareholder at 12% (the syndicate have 17%). Quite possible for the syndicate to avoid the 19.9% limit by buying individually, or even a GA partner invest, however as I said unlikely.
They talk of 200kt to the potential S African partner, they'd only need to prepay 50kt @ $300/t to get US$15m and don't forget the SJ $25m debt term sheet.
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Change
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Mkt cap ! $57.98M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.6¢ | $8.682K | 129.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16306 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 56457 | 3 |
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No. | Vol. | Price($) |
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1 | 16306 | 0.066 |
2 | 36143 | 0.065 |
2 | 216720 | 0.064 |
4 | 70000 | 0.063 |
1 | 164037 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 56457 | 3 |
0.068 | 9251 | 1 |
0.069 | 140625 | 1 |
0.071 | 72075 | 1 |
0.072 | 118500 | 3 |
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