Anyone have the latest around those SOA rebates we're due?
I recall we're paying around 10% on the A$22m we owe (vs the A$29m due to us, less any bond haircut if that's the route) so there's 150m odd shares worth of dilution each year it drags out.
Supporting that debt alone is the single biggest deadwood we have, and chips away at our already well compromised financial agility.
Ann: OEL: Winx-1 Drilling Update, page-281
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