Yep what’s the point of 5 year options at 10c, would hope we don’t need any money by then
Would have been a good deal otherwise.
Unlikely will go above 10c with those options there which means another equity issue below 10c and a big issue at that. I thought they needed around 50m AUD but this is more than even I expected
Ann: Agrees terms of US$30m debt & equity funding with RCF, page-11
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