Except there's nothing to indicate that JRO want to sell. The only reason their share holdings are being sold down is because their margin loan lender is selling some off to make the margin call. Once the SP gets back above 15 cents the only ones that will be selling will the shorters and the impatient. Everyone else will be holding for the inevitable re-rate. Debt refinancing will definitely help the share price rise but paying down the debt will help even more... and that's where the figures will help.
AJM Price rise, page-198
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