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I thought that the loan was meant to keep the number of shares on issue in check and that the $100m was to be enough to complete the project.

Now they are seeking to issue another 34 million shares which would raise $85m along with 34 million options which when exercised will raise another $85m.

That gives access to $100m + $85m +$85m = $270 million.

Thats a lot of cash being lined up when you consider many here were arguing that no more cash was needed as DSO sales would look after everything.

If all the shares mentioned were issued, the total shares would go up to 273 million which then reduces the dividend expected per share.

Its great to see all that cash potentially available, but some no doubt won't like the fact that the shares on issue may well go to 273 million.