If one assumes the Macquarie US$350m senior debt facility is still a goer then FAR need another US$150m.
Bell Potter assumed about US$100m extra in a junior debt facility, plus an equity raise of approx. US$30m.
The senior debt had guarantees over the equity on FAR's share of the oil but to me it looks like FAR might not have been able to raise the rest.
If the case then they might have had no option than to go to SH's for the rest.
So what's that, around AU$225m in an equity raise to be fully funded and some working capital.
That's my guess.
Of course if the Macquarie facility has fallen flat that will complicate things.
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