Well well well, the cat does have another life after all. I guess that's the benefit of having deep pocketed shareholders who are prepared to back the business.
Still, I would have thought that the better way to do this would have been to tip it over and do a DOCA so they can get out of the unprofitable sites without a huge lease break cost.
It's an interesting question for existing holders whether to participate in the SPP at 3c per share or not...
OLI Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
