I suspect the clarification was issued to reduce the number of...

I suspect the clarification was issued to reduce the number of phonecalls about the pricing on the convertions from disgruntled shareholders like myself. Some have referred the matter to ASIC and I will let ASIC deal with it rather than comment more on this forum.

The clarification does not change whatever ability they have to issue notes.

With the mine back in production and cashflow restored, they needed to adjust the agreed creditor payments so that they were not forced to issue notes all the time. I hope this is what they have done.

Time will tell.