If the loan gets payable RIM will just put in the money. And that is the idea, first get control of the company and then get a majority in shares.
They did not buy more shares because according to their plan they will get them cheaper.
Also they are unlikely to sell if they lose the vote. As long as they have 5% they still can make proposals.
I think a larger capital raise might be required, it will need to pay for the mill expansion. Maybe they can negotiate something with Elsztain, 30% of Casposo + placement of shares would make it more likely to either get a good price for the new shares or the remaining Casposo stake.
TRY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
