TGS hasn't responded to my question on this matter, which...

TGS hasn't responded to my question on this matter, which implies to me they do know something, but are not yet ready to release any info.

If they hadn't heard, they would probably have simply said so.

Worst case is ECIC knocks it back and the Nedbank loan falls through. In this cas the SP will tank heavily due to inability to meet next 12m payment.

Probably two outcomes in that case:
- another heavily discounted fast-traced placement to sophs in which case all retail investors will probably remain underwater for all eternity.
- A T/O offer from AVM inspired by Trafigura, but I think they will pay peanuts if financing fails. Esp if they are already voted the huge shareholding on the 21st.

I haven't sent any votes in yet, as I was waiting to hear about ECIC before I voted for the dilution. Looks like I wont have the info available to make the decision now as my proxies, even if sent in today wont arrive in time.

Sure are taking it down to the wire and keeping us in the dark!