It's disappointing that just a day ago in the update "price-sensitive" report there was no mention of a possible capital raising. Quite the opposite with Luke Graham saying...Advising that a very significant capital raising of $50 million dollars was being sent to instos just a few hours later does not sit well with me. I suggest that a capital raising would have been known well before this press release on 4 April 2022.
- "Any expansion is expected to be funded out of future Coburn cashflow and leverage significantly off Coburn's infrastructure..."
- "...any future expansion of Coburn ...would be funded from cashflow."
- "The potential expansion of Coburn will be considered in conjunction with Strandline's other strategic growth projects in Tanzania, including the advanced Fungoni and Tajiri mineral sands projects"
Will retail shareholders get any offer of discounted shares I wonder.
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