“STX have announced a bold exploration and development plan that will need IMHO $200M to $300M to be spent during the next 2 - 3 years. They only have $100M net cash and the extra $30M they could get by buying TPD is not sufficient to meet their outflows, so I guess they will need to do a large CR, for say $50M to satisfy their banking covenants.” This is copied and pasted from the post I was responding to, so why don’t you get off you pedestal or whatever else it is you’re standing on and read before responding.
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