Sunday, April 03, 2011 8:55:48 AM
The reason I don't read it that way is, again, their switch from gold to platinum, for which they give as reason that it's cheaper (imo) and the gold mine doesn't fit in their budget (shares/cash).
So there's no money left for other mergers/acquisitions and the AS is almost maxed out. If they want to perform another merger/acquisition it's logical that they need to raise the AS.
I also thinks it's not correct to say that they WILL dilute. They might pay the next merger(s) in shares, which might be restricted.
All imo
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