CAPITAL MARKETS

Perseus' Quartermaine warns hedge funds

THE turnaround of gold miner Perseus Mining is gathering momentum, with the company "building a credible case for investment" and managing director Jeff Quartermaine warning any hedge funds shorting the stock that the Sissingue development is fully funded and that as such a return to market for additional funds won't be happening "full stop".

Michael Quinn
Perseus' Quartermaine warns hedge funds

Perseus needs to spend another US$32 million to get Sissingue into operation, and will get the funds from a facility provided by Macquarie that has $30 million still available, and $2 million from cash...

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