They will struggle to refinance the big debt with such a cloud hanging over their cornerstone offtake partner and major shareholder.
With $10m of interest around the corner it is my opinion that there is a high probability of an equity raising and it could be significant dilution if done at mid 20’s. All in my opinion however... they could always get a ship going late August which could ease cash flow issues temporarily.
in a halt? commsec orders look strange, page-82
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