I get where you are coming from. On reflection and taking on board your comments, thank you, yes I think its highly probable we will do a CR before March 2021 blue spec payments. I think mgt know cashflow is a juggling act until Macq funding hits, which is why they have 2 options on the blue spec payments with the options only being a few months apart i.e. a few months matters.
Personally I'd still like to see the CR done way above 51c though, it dilutes too much at that level and it sets the bar too low. Who knows whether retail would be involved in the offer and even if they were, any existing holders who wanted more had plenty of opportunity over the last 3 weeks (I took a nice parcel at 51.5c), so what us holders want now is price appreciation.
Good luck JJ and all other holders.
CAI Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
(20min delay)