Simple answer They want the extra $5M cash to build the road &...

Simple answer
They want the extra $5M cash to build the road & bridge and start mining Tallman high grade
The deferral of debt was only for 10 days from 31 Dec to 10 Jan from U$4M to $3M so $1M less

By 30 March they are expecting high grade ore to be flowing into the mill and boosting production looks like and then they will have no debt and loads of cash.

The SPP was a knee jerk reaction to not getting the $5M from INSTOs at christmas so they need to cancel that now or defer to June.

They need to issue an announcement as to cash and finances & Tallman drill results rather than just the Q2 report on 30 Jan as usual.

Looks like they got so excited by the Tallman results that they started spending more than they wanted to as Ken said at the AGM.

IMHO just defer the TC and Investec debt again as before, same result and no drag on the SP like now.