Don't think that was NZX announcement more likley media speculation as always.. very likley to be correct thou.
I'm more than happy for the the board to roll heads
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http://www.stuff.co.nz/business/mark...dividend-funds
Norgate raised the money to pay RPI's debt holders divedends.
Two horses bolted...
Or is it three now... the stable is looking empty. Time to close the stable doors on bad news yet?
Looks like we will have to wait till next week for a cap raising announcement. So much for first two weeks of November.
Does not leave me with much confidence in the board. I thought for once they would stick to what they have been telling us.
After cap raising maybe I just assume lent money to a bankrupted frd,and look back after couple of months ,will be a big surprise then-either good or bad
bet things will only get better after worst time..
Announcement tomorrow or Monday