broker report, page-6

Who said they were "unwanted"? To early to have any idea what their intentions are.

As for a tactic to dilute any shareholding - have you even read the announcement??

? developing the Zeta underground mine towards its early start schedule;
? progressing the coal fired power station project at Boseto to secure cost savings estimated to be in excess of US$1,000,000 per month;
? accelerating work on the expansion of Boseto;
? continuing with exploration to upgrade resources in support of the above activities; and
? providing enhanced balance sheet flexibility during the Boseto commissioning and ramp-up phase.

I think the key factor is the commisioning and ramp up phase. This can take longer than planned and the possibility of unplanned issues is very real. This is normal in many new mining operations and the cost of delays at this stage is expensive, so raising funds earlier rather than later is commonsense.