The whole thing is puzzling... unless they got rough idea what BP33 was going cost early next year.. but in their presentation they already allocated 55m early works to avoid bottlenecks. If Spod prices hold above US$3k.. they going make reasonable profit on September prepayment.. so baffling question why rush for CR.. and it also sounds they don't have any good news to reveal on the exploration front imminent.. if they did they would have annouced it and then raise.. so much for 60% resource growth YoY..
Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-83
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