BP still has it at $0.69 with BNC210 license intact, page-10

don't get your argument that because they hold debt they need to cap. raise? sure if the debt gets called in or if they only had $1 mill. in the bank then that's a different story but none of those situations has occurred.
As I stated they have plenty of coin to cover any interest payments, etc. "leaves them with around $16mill. in the bank at the start of 2019"
The debt they have is tiny compared to most ASX stocks, easily manageable, infact most juniors on the ASX have much bigger debt with no means of repaying it yet they function fine.