Didn't take long for the CR to happen. TrGecko u can come out of the wine cellar now.
Step-1: out of the way, ie CR (77mil cash - outgoings for the 2 wells + 70mil frm cap raising)
Step-2: funding via debt or Mezz
Step-3: divest smallish equity.
Worth reading page-11 for the no CR brigade.
CVN still haven't updated slide-38 for their net 2C for Pavo.
Ann: Fully Underwritten Institutional Placement, page-19
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