Graham
If that's the best deal that KP can cut/find/bed down, he should retire and take up lawn bowls imo!
Let's look at recent history with CRs - Patersons - saw a big drop in price (and arguably didn't raise enough in any event), Deer Valley, now these new guys...
Hardly a stellar track record yet we're repeatedly told PAX has several corporate finance outfits working for it?