Presentation says we are moving from a 2Mtpa mill to 2.5Mtpa. I realise that only accounts for some of it.
They also have 1.75 years worth of normal outgoings to pay and you don't want to be cutting it fine running into first production.
The discount is the primary issue in my opinion but we unfortunately hit this point at a weak time in the markets and have paid the price.
Ann: Capital Raising Presentation December 2018, page-29
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