I see a lot of criticism on the current CR but no one has shared any better options or terms for the capital raise. Keeping in view that the loans are for the fertilizer project and assuming you are in Lindsay's shoes, how you would have gone about funding the corporate costs and studies for the green ammonia project?
To me, it was necessary and good for the company in the long run. Can't assume that there will be no corporate costs during construction phase and I wouldn't also like to dissolve the team working on green ammonia project. Rather I would have the green ammonia project advanced to a stage where we can use our revenues from phosphate project to develop the ammonia project asap without any further CR. I think we have enough options now to avoid any further CR in near future for the working capital requirements.
I see a steady journey upwards from Tuesday onwards after a temporary dip on Monday. IMHO and not an advice, please DYOR
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