And it's going to keep happening until they detail their plan to deal with the 2017 CN's.
If they are can show some banks they are cash flow positive, as they intend to be, they might be able to get some debt funding to pay off the balance without risking massive dilution or further asset sales. IMO the SP is getting hammered to maximize the amount of dilution that will be needed to cover the 2017 CN's.
Progress Update: Material Reduction in Costs in FY16, page-29
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