Ann: NCZ SECURES WORKING CAPITAL FACILITIES WITH VARDE PARTNERS, page-9

Followers - you have misread this - you are just trying to find negatives. The stock is not now cum raise and they can let production cashflow fund the ramp up from now on. Shorters beware!The company has managed to upsize its debt availability and cash flexibility. They have achieved this as a modest increase in interest rate and no PRE-payment penalties with NAB. It is no surprise that a cookie cutter lender like NAB was not as flexibile as they liked. Having dealt with funds like VARDE you will find the terms/covenants much more relaxed and they have no interest in being difficult ... they are purely financial.

This is a great day for the company and 8% is a bargain interest rate in commodities lending. No equity to be raised, so watch the production cashflow do the talking.