Seriously? The loan is for 60 million with next payment in 2020 which allows the company to use its reserves to better its financials.
You said,
"however the funds from this wouldn't even cover the refinancing of the current debt - is this just more smoke and mirrors to get more funds out unsuspecting shareholders"
Senior loan facility highlighted in yellow.
The down ramping on the blk thread is one of the worst i have ever seen and most annoying too!
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