Ann: MYL Gives Formal Notice to Exercise Bawdwin Option, page-17

Been wondering the same thing myself. Why raise more than needed at the moment when price at these low levels? One thought i had is that they have been offered the $35 million at a premium to current price, unlikely but not unheard of. The other idea could be they really want to try and fast track more drilling, pfs, dfs and throw lots of resources at it. That’s all I can think of. I’m sure the CEO will clarify before the AGM.