I was expecting a small delay for Walyering and don’t consider 2-3 months material.
My take on the debt funding is that debt markets are very expensive and skittish at the moment. A raise was preferred given this environment. If things go to plan, I would not be surprised to see the profits of Walyering returned via dividends or a share buy back.
I actually think the raise has been done fairly given that there is a SPP so everyone can buy at the raise price.
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