DTU will end up with 8% if they don't take up the rights issue....

DTU will end up with 8% if they don't take up the rights issue. This still doesn't address the debt to the Chase syndicate of banks which is around $80m. The cash injection is still only $16.3m into PWT so they are hardly any better off.

The new owners will dress it up like UEC with losing ventures and try to get out down the track with a profit. The shareholder meeting to pass the rights issue is the only hope to stop this before Roslyndale get a majority but DTU would have to oppose the restructure and maybe Cousins is close to Carr??