RE: Post placing23 May 2018 16:37
no its worse SotRR ... Bushveld owned just over 17% (if memory serves) of ATM... with the 43% dilution (297/521) that becomes approx 10%.
This is the first round of dilution ...this gets ATM to 800 tonnes etc but does not pay for the expansion to 5,000 (or even significantly on the way).
Bushveld shareholders got a pretty poor deal .. just remember this when the inevitable vote to spin Lemur comes off