would you take up the next capital raising, page-52

Realistically haw will never raise enough capital through existing share holders to be there when mt bevan is mining. That being said their share is worth about 100 million that because of their financial situation will never be fully realised.

A backer at this stage will just mean they can hold out for more money for the eventual buyout offer from nmdc / lcy. One positive if they do get a backer is that they might force a dividend to be paid( even if that means massive dilution for the rest of us).

Finally lcy haven't got any more funds from nmdc yet, so they can only spend about 18 million on development of bevan, which means haw only has to contribute 7 odd million until more funds are actually secured from nmdc.

But would I take up on the next capital raising? Probably not unless there is a backer and then it probably wouldn't happen.

Lets hope something is worked out and finalized before then.