to rase $100mil, page-6

re: to raise $100mil As I've said before, these 30 to 40 fund managers/investors that they took on this tour yesterday would have been for the sole purpose of selling them shares - I suppose Munro had an obligation to tell them the maximum amount they intended raising - hopefully by now they have committments from these fund managers & that the actual amount to be raised will come in at substantially under that figure as I don't see how we can justify/accommodate such a large issue given their production targets for 2006-09 - and I bet the more shares they issue the cheaper the issue price will be.
The sooner they make an announcement about this the better.