Potential cap raising is odd. They couldn't have spent all the money yet but I could see how they don't want to run the bank down to nil, under capitalised is what MP blamed in part the failure on last year.
So who stumps up the money? Surely not shareholders again, I don't care what the dilution is, not participating. If it's Pinto leaving board then we're all probably cooked.
If Anglo put in more they would be close to a controlling stake. Another white knight out there? Sell more to Cartesian at 4.2 cents.
