Sorry Big Joe
I didnt read down far enough. Each time I log on and look, the posts are so negative I don't look far. Looks like I found the same article as you.
The debt issue is interesting. Apart from a sell off, equity raising was a logical choice.
-and in times of uncertainty coupled with low spot prices for uranium, it made sense to do a private placement and it costs less to raise the equity this way.
Debt for an asset rich company is more suitable then raising equity but this company has a need to restructure the debt to equity balance. Unfortunately the private placement has taken $300m off the market value.....
Cheers
PDG
2.40, page-31
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