Ann: Debt Restructure Strengthens Financial Position for Growth, page-26

Will it be loss making now? Getting costs plus to process. While the upside is very much restricted (almost completely gone at Anthill), they seem to have negated a fair bit of risk, Glencore and Harvey seem to have taken on quite a bit of risk which has really surprised me.
But yea, I agree that seems high for basically an explorer. I’d be surprised if the raise hasn’t already been largely filled. Don’t think you would have got Thiess to do a deal otherwise.