"Market prices are forced upon them.. an uncontrollable that they may have a view on, but it is only ever a view and should not be taken as gospel (as we have all found out here first hand).. no matter how convincing they sound."
To an extent yes but we also have built in floor pricing and our DFS figures are slightly above that (I think around USD590 over LOM from memory). The real killer is as you said the production costs which are well over DFS figures over LOM. I'm confident these figures will be brought down though after the rectification works and the continued ramp up.
"key difference is that this cap raise is for survival.. the past have been done underpinned by growth/expansion."
Right... But wouldn't the market view the dilution to pay down debt as a net-positive?
Ann: Suspension from Official Quotation, page-55
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