Based on the last quarterly they had already drawn down A$60M of...

Based on the last quarterly they had already drawn down A$60M of the working cap facility with the additional A$40M requiring them to meet profitability hurdle. Given the low recovery this is again this quarter it is unclear whether it will be reached.

Also if they do the cap raising they may decide that they want to pay back some of the working cap facility to reduce the potential exposure hence the cap raising may be larger than just the CAPEX costs of expansion.