Ann: Pause in Trading, page-187

dollar for dollar, you'd rather a CR as discount than optional future dilution (if we go to mine only) at what will have been a premium? I don't understand the negative here. The $value is high, but so is the capex? Exact same $value we would have had to CR, so it's a moot point whether it's more than our MC or not, IMO anyway. The fact they were able to get someone to sign up to this instead of just doing a CR is the impressive part.

i'm not saying debts are a great thing, nor dilution, but they are a reality of doing business as you know, so i don't know what better outcome would be? CR for $5m at discount and see what happens?