Revenue does not equate to profit, yet I hope it's not too bad here and I wouldn't think so as they'll be able to re-negotiate or even partially sell current contracts.
Trouble is Wayne going - a widely respected expert in this type of mining and field, hence the enormous amounts of money raised in the last 12 months or so.
If they re-negotiate contracts as a sell-on, I do wonder who would underwrite a SPP (for example only).
This is an interesting case study as both equity and debt could work.
Ann: Retirement of Non-Executive Chairman and Appt of Replacement, page-11
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