comeonvog22 Sep 2016 11:08
someuwin22 Sep '16 - 09:55 - 8523 of 8524 0 0
I doubt a placing for the full amount. Plenty of other options...
"As can be seen from these results, the Company is not distressed financially and continues to explore options on how to fund the estimated GBP 36 million that will be required. In this regard, the Company has instructed advisers to consider a proposed placing and open offer, alongside the board pursuing other funding solutions, including increasing the Company's existing banking facilities and securing a strategic partner to invest in the Company's operating subsidiary. The Company looks forward to updating shareholders and to completing what we continue to believe will be a successful project and an integral part of the growth of this remarkable region."