2 resolutions
1 Ability to issue circa 1/3 of current share base in new equity, what for ? Working capital ? At 15c that would raise about 10 mill 70 m x .15 = 10 .5m, plus 8.5m in the last cash flow and 25m debt facility available ( I think). What are they going to do with all that money?
2 Increase ownership in jdc phosphate, seems to make sense
Thoughts
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Ann: Notice of General Meeting/Proxy Form , page-2
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