dont know, I'm no expert, but looks to me Macquarie got a good deal here, They reduce the existing overdraft facility by 33% and get doube the options. Lets say PLA price goes to 70c sometime in the next 2 years, options should be worth over 20c each, that is $3M total. So in that case, assuming they got the options for free, they would make over $3M profit on a $10M loan ... if the SP goes to $1 its $7.5M.
Glad I'm holding MQG shares also
