Although the results are disappointing, I believe this is a...

Although the results are disappointing, I believe this is a prudent decision from management to secure these debt facilities. What people probably don't realise is that there is 32.5M in maturing debt in CY24. A chunk of which will be due in the first half of the year. With these deals they're essentially re-financing to ensure they have sufficient working capital. The rates they've signed up to are crap ~25% and 18% respectively for Nebari and Lambhill but should be insignificant in the scheme of things when the margins widen to ~$15/WMT+ when operations restart.