Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-35

The technicals are there but to do it in anticipation of a CR? Most Specs that I know of raise capital with discounted market pricing even if using the 5 days average pricing. In a falling price trend I would imagine CR needs heavy discounting to make a risk premium attractive and in this case the debt load is an incentive to make it very attractive. Usual trick is to try to pump up the SP short term with some BS announcement than go into TH and get a better average pricing.

CR under such conditions are nothing more than incentives for the risk takers to buy great discounting and make a small "easy money" selling back to the believers whom they have been diluting. Grubby game of opportunism.