Debt and equity deal

i thought we should start a new thread.

Having a look at today's ann, regrading the 330m option at 10c, doesn't look as bad as people think.

That is if we take into account the existing 300m current options which set to expire this year, and currently not in the money.

So in essence we are swapping one lot of options package with another but instead we get the debt funding also.

We all knew the options expiring mid year were never going to be in the money.

I think people are over-reacting.