Not sure how shareholders expected to build the mine in England without sufficient funds. The project finance banks tend to insist on all sorts of funds to be put aside to protect their position which can account for up to 40% of what they lend you - So Wolf has raised all its funds through to positive cashflow - and a big raise, which was significantly bigger than its market cap, which in turn meant the discount to bring new investors in had to be significant. I suggest that those posters who say that they should have got more debt, should go into the big wide world and see whats available in the way of debt in the resource space for juniors at the moment - its not easy. Anyway -its all done I suggest we hang on for the ride!
WLF Price at posting:
29.0¢ Sentiment: None Disclosure: Unspecified
