This is disappointing (unless Xstrata are the investor).It is...

This is disappointing (unless Xstrata are the investor).
It is disappointing because it is the latest of a number of equity raisings - this one a bigger surprise than others - which now give me little confidence on how many shares will be on issue when Copahue starts generating power. Normally things are stright forward - you know how much a company needs to develop a project, you then assume how much is finance and how much will need to be raised by equity. I'm afraid EHR seem all over the place on this. How many more equity placements are there going to be ? and what does their latest research report say now ?

A bit frustrating,


Spozzie