i do realize that i most likely won't change anything. but the management should get to know that there are people that are not pleased about the development of this company and about the consequences of the $50m pp.
Rajawali could be involved in the Iron Sand Project on asset basis and would pay $50m now for that. they would earn a percentage of the revenues over the life of mine to get more than reimbursed. that would be another possibility. but as you read this, this text is in subjunctive.
if the $50m pp will get approved and another $100m would come by credits from banks, the share price could rise ... but in longterm (as i mentioned and calculated in the "Letter to Management") under significantly worse conditions for older shareholders.
IDO Price at posting:
14.0¢ Sentiment: None Disclosure: Held
