For the liars and obfuscators out there, the debt facility was only going to be not required if LTR managed to arrange a replacement "long term" debt package in the period up to June 2024. That remains a possibility although I did not see a remark about progress on that front.
It was always the case that debt would be necessary to fund working capital during ramp up. In any event, as I have posted previously, using debt to supplement equity is the most efficient way to fund a business to optimise return on equity. That is because cost of debt is a deductible expense. To characterise debt as a bad thing is foolish and only highlights the type of trolling and obfuscation agenda that some posters pursue.
regards
DF
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