It was there clear as day in the capital raise announcement that they were looking at "alternative funding sources".
Of course Glencore are willing to take offtake (below market price) and sell it for a profit. That's not the issue. Its the prepayment facility which is proving more difficult - JP is not being entirely honest with us in saying "we'll disclose if the Glencore deal falls through". He admitted "mistakes being made" in an interview at the Freemantle conference, but he never admitted what those mistakes actually were.
I'd like him to actually admit he he's made a mistake on funding and rectify it by appointing a financial advisor and competent CFO. Its hubris that has led us to this situation, and some humility which will get us out.
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