They should have done this last year, but at a much higher price.
Recapitalisation is a necessity, and they could have gone to shareholders last year for a lot of that, and have the balance of funds placed. Now there is massive shareholder distrust so it will be harder to get a high level of subscription from shareholders.
Looks like what Fat Prophets were saying last year about MUN was spot on, for once.
loki
MUN Price at posting:
18.3¢ Sentiment: None Disclosure: Not Held
