Just got back from the AGM.
Now I won't parrot PJ presentation because they will put up an audio file soon as they usually do.
I asked two questions that I thought was important and asked by yourselves.
The first was the equity raising, I asked whether the majority of this would come from the JSE. PJ said, that they will not necessarily do this and would be considering a global component. This would also encompass equity roadshows, no figure on the price was given because I guess it's still early stages.
On the rail front, the timeframe for building the rail would be the best part of 2 years, which is within the 2 year construction period of the mine. The design work is being completed at present.
In addition, PJ mentioned they need to procure the rail components offshore (apparently this takes up a bit of the time taken) and there is a tender process underway for it.
Anymore talk about a 10 rail building process will make any poster look like a numpty.
Overall, the presentation was great and a emphasis of the massive achievements to date, which I agree with totally.
Should be a good next couple of years for us.
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Just got back from the AGM.Now I won't parrot PJ presentation...
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