Mimran has put in close to $40m, agrifields 2.5m, agrifos 5m or so. These are big chunks of money and pretty smart investors and it looks like they will stump up more.
The issue was that previous management didn't complete sufficient due diligence and that the rock phosphate price went the wrong direction. There is no incentive to get the sp up given a big cap raise is on the way.
It's disappointing that other people can't see the value here particularly with jdc looking close to commercialisation
AEV Price at posting:
6.0¢ Sentiment: None Disclosure: Held
