This takes away everything the market was worried about which was debt reductions and strategy
I know that Hunter Hall have backed this plan and that a raising was on the cards if the bank did not come to the party which they obviously have and this now creates significant upside on the SP if Amanda can execute which I believe she can
I also know that they had $20 mil in commitments for the raising which was to be a convert note so I guess the banks must also like the plan to back it !!
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held