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Hopefully the existing shareholders will be OK when it comes to the issue of new shares, and once that is done, most of the debt will be taken care of, and the shareholders will be left with one on the biggest Titanium mines in the world. We can only hope that the dilution will not be too bad, and as one poster who contacted Kenmare said, they have said that they will do their best to protect shareholders, We will have to wait and see. The big number is fifty million pounds that they must raise from existing shareholders. I would image that the majority of that will come from the big shareholders and after that lets hope for the best.
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