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20:36
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Originally posted by Maccajohn
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8horse you must be looking at a different presentation from WEB to me as the one released about the capital raising clearly states the end of 2020 not 2021 on page 5 and then again on page 8. By my calculations the additional amount,above the amounts noted in the presentation of $275m, they are raising (which seems to be about $70m to $85m - not sure which is right as I have seen 2 different figures) will give them about another 3 months to March 2021 if currently lockdown conditions do not change. However their debt covenants require them to maintain $100m in liquidity at all times.
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That quote from MD, was published on AFR website.https://www.copyright link/companie...e-distance-after-cash-raising-20200402-p54gcl
(20min delay)