For the proverbial rainy day, so to speak. The HY
showed they have trade payables of $68.7M and the debt may have some liquidity covenants. Management may deem it prudent to raise again so there’s a safety buffer there. I don’t have a strong view on this, but with TIE at #17 on the most shorted list, many institutions clearly do.
Ann: Tietto Produces 11,191oz Au in August & Updated H2 Guidance, page-108
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