"But the CN can be refinanced and paid out in cash surely, maybe they can use the $71M cash to do that now and reduce debt to $0 and wipe out any manouevre from BMM using the CN?
Must have crossed their minds."
How's that going to work? Pay ~A$24 million to pay off debt from the A$71 million raised?
How much is the site works and refurb. at BS costing? $56 million.
Let's not forget about drilling costs, admin costs., etc.
BMM Purchase of CN, page-6
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