Lenders to this end of the sector are traditionally very risk averse and acutely cautious commercially so in my view, this is a pretty solid tick around the underlying business, the balance sheet as it presents, management team and strategic direction.
Its a pretty large facility in the overall scheme of funding options as well so news about it within the immediate market will have no doubt traveled pretty quickly and the SP response initially looks be fairly positive.
Carry On!
MOY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held