@CreamOn
I think the way to read this is that they were comfortable servicing their debts. And there is no change to that.
But they have paid off a large chunk of that debt with equity simply because they see the opportunities to significantly increase resource life and significantly reduce costs and increase production. Around 17% dilution, but some pretty large upside here. While those working on the current upgrades are busy bedding them in, management are thinking ahead, as they should.
Their delivery on the current upgrade seems pretty solid so far. We should see that with increasing loading rates from here. And they've convinced some decent instos to back further upgrades. Plus offered retail a chunk of that.
Nothing is without risk but I'm not sure what's not to like here.
@CreamOn I think the way to read this is that they were...
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