Ann: Agrees terms of US$30m debt & equity funding with RCF, page-23

sold by one of industry's great salesman "significantly undervalued" "rerate imminent" yet DF happy to print as much BAT paper as possible

DF has managed to increase the amount of BAT paper out there by about 5x since he joined and sent nearly every shareholder into the red (except himself mind you)

still a lot of hair on the debt deal too and is far from certain. Expect a cap raising soon IMO given the markets disapproval and risk the share price falls further.