Capital raisings galore, not just in the U sector folks....

Capital raisings galore, not just in the U sector folks. Remember CBA WBC MQG (RIO in process) etc etc. (not to mention the effective recapitilisation of the entire US financial system by the US taxpayer)

Big picture, we're in a bear market rally.... there will be another down leg......and naturally the trigger & whether it (world markets) test previous lows is the 64$?...

Wise heads & practically all our major listed companies have taken advantage of the rally from our lows to top up the coffers care of share placements.

The 4.6M BMN was as at 31.03.09 just what it is now is not public knowledge, unless someone wishes to share ?? thanks toph for showing us how this fuse has been snuffed out as the burn was 6M per 3Mths but the 16June deadline looks real enough to me. RCF getting shares at 60+cents with a floor of 45Cents is an alternative BMN will forego on June 16. This just indicates to me that RCF have rolled and agreed to be part of the "revised", ie not too cheap, 30M
Nice stuff-up by the office giving the nod to a SPP.

Capt,, maybe you could have asked LJ about how much cash you'd need for the cap raising without getting thrown out of the office, well at least as far as rjba's correspondents desk, yeah I remember "you'll know when we announce it"

It's a big surprise that they've not come up with a split on the SPP & Insto........ code for..... we have not got a buyer for the stake methinks...... this is NOT good. SPP is pretty low on the list of desirables... but it IS above RCF gettin em at 60+cents which was their stated aim so they've got their facing saving 'out'

Great posts people...... thanks.