Unfortunately I feel the damage has been done.
best outcome at this stage is a full takeover at perhaps 20 cps.
they have no choice as I see it but to recapitalise the business with a huge equity raising (60-90 M) somewhere around the 10 cps share range. Once the funding is done it will likely trade sideways for a year or so until federation starts full production.
Ann: Organisational Update, page-3
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