Ann: Agrees terms of US$30m debt & equity funding with RCF, page-73

That is my issue. We pay 10% (way above the base rate) for the loan - which is to be expected but then we double up options for 5 friggin years. Wtf is that about. Smells of something that isn’t nice. Now the share has an overhang for 300m+ till July then doubles up and has that overhang for 5 years. Not to mention another cap raise in between.

What this does do is tie everyone in for the long term. Like it or not. Because this 5hitty price is going to last a long time.

Crawl, Walk, Run should have ‘whether you like it or not because you are now tied down or losing’ tagged as an epitaph imo. And as for brokers quoting 28c - again - any timescale or is it another duff piece of advice from a company that specialises in duff advice.

I get we have to fund a mine and having worked in that environment previously I still think it’s a 5hitty deal. I’ve had others on the phone seething too with lots of experience in investing and mining.

My rant is over but with a substantial holding I will live with it to fruition now. It should be ok for retirement. (I am 18 .