RE: Buys13 Jul 2018 16:03
YTSS, surely we know what the March placing is being used for.
Per the RNS.
'The planned use of the net proceeds of the Placing, being approximately US$20.9 million (GBP14.9 million), is to:
Redeem the outstanding Atlas Capital Convertible Bond (US$6.3m) (GBP4.5 million);
Simplify Bushveld's organisational and corporate structure to improve Bushveld's exposure to the underlying cash flows of its assets (US$9.0m) (GBP6.4 million); and
Support Bushveld's vanadium expansion programme: Expansion of the vanadium reserves and resources at the Vametco mine and Brits Project for future production and support Vametco's expansion plans to increase production to more than 5,000mtV and beyond (US$5.6m) (GBP4.0 million).'