Thanks for the explanation.
So it looks like it has cost about 7m? to close out the Barminco facility. I guess we will see if it was a worthwhile insurance fee to kick the can down the road awhile. On the upside the assured access to extra capital may be a requirement to convert some of the tender pipeline and it always pays to have the horse in front of the cart.
Regards
Quin
Ann: Fitch Assigns BB Rating to Perenti, positive outlook, page-10
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