You'd think they would be questions for the company, whom have drawn on the facility and also wholly recommend the SOA.
Not sure why there is doubt anymore that TPD would have been in some level of difficulty without this deal.
It quite clearly appears that things were a little close to comfort with Walyering delays and associated extra costs, plus other commitments and company running costs.
No stake in the game currently, but exited TPD at a better level than I expect I would have had there been no deal and likely further a further capital raising or issue of debt finance.
Ann: 1Q FY24 Quarterly Report & Appendix 5B, page-104
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