Wow - was not expecting that! However it does seem prudent when reviewing their debt repayment schedule. The only risks left for NCZ (outside of the usual zinc price and fx) was debt and recoveries - this stamps out the debt and recoveries are on the up.
Better to raise now than to be stuck in March unable to meet their repayments
Ann: NCZ to Reduce Secured Debt by Over 50% Through US$25m Raise, page-2
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