Hi Zedzz
For sure the point that you make (in isolation) is correct but it doesn't acknowledge that the company has several options available to it and isn't solely reliant on copper sales income to repay the facility
Other options include
1 Equity raising
2 NCu sales
3 Remaining offtake
4 Forward sales
or a mix of the above
If for some reason they needed to I wouldn't be opposed to a placement down the track of say 12.5m shares at a price somewhere north of $4, That's half the facility covered and still a relatively small number of shares on issue
Balance Grasshopper
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- ASX - By Stock
- CDU
- finance announced
finance announced, page-54
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