great post mate. Youve hit the nail on the head.
And guess what the same thing is now happening over at PLS.
They could have raised at 80c, when the share was trading there for ages,
while the Li price was plumetting, and analysts were predicting over-supply.
However they didnt react, and they could have easily wiped the debt back then.
Ann: Appointment of Administrators, page-141
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