I will be honest I was surprised the quarterly came out without something. Can't hide behind much with the 5B.
I can't se the note being any good now, and i'm not sure how well a CR will be received, however if they can tie it in with an off take agreement and a placement with the off taker they could pull things together.
With the shares being tightly held they also need to throw in some coin.
They need some working capital in the bank to be able to refinance that's the other issue IMO. I might be wrong.
The sector has got ahead of itself, it jumped like this in January and fell in a heap once the profit taking commenced. Won't be surprised to see that happen again. Trouble with then was straight after Covid hit.
AJM Chart, page-7222
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