CongratulationIt is time to congratulate SA government to reinstate the permit. Too many people made stupid comments when it was revocated...At the end of the day, governement must protect people and their environment. I am sure that they have done their due diligence on this issue and they are now looking for construction and job creation for the benefit of all.
As far as the company administrators they can not behave differently then being careful on what they say about the future... It is the normal process to protect themselves if something goes wrong! This explains the recent news!
We just need time for evolution and see how financial people will try to get on board to get a share of the future production of the sites! Often the underwriters tend to be greedy on a new tender. But with SA governement supporting the sites and the value in the ground we will definitly see somebody coming on board to accelerate the development of this project.
The balance is now between value in the ground versus underwriters trying to put a value on the new share face and amount that can sold quickly outhere on the market. My view is that they can find easily takers for 50M at 2$ but it seems not to be enough according to management as I saw somewhere a number of 200M$ needed?
With march dividend period coming and a lot of cash money on the side line it should not be difficult to get people who want to make money down the road on the mid-term (2-3 years)...So 50M shares is an easy sale!
Like you lefmike1, I hate dilution..But what choice do we have now...
Do your own dd!