If its a capital raising then its going to hurt the sp I doubt if it is a capital raising as the plant seems to while not be cashflow positive not running at a big loss either .
I doubt if its anything to do with production as a full train load indicates they are close to name plate capacity and that is not market sensitive
That leaves for me one other alternative a takeover from ILU or Astron I am guessing.
Astron holds ground close to WIM150 and has a bunch of cash and no mine. The info AZC has on fine mineral sand extraction would be usefull to Astron.
ILU wants as big a pie as it can get of the mineral sands market so it can prevent being a price taker. AZC is a sitting duck for a T/O even with all its debt. Just hope the banks dont call it in :(
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