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clock Created with Sketch. 04/08/23
08:43
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Originally posted by miningnut:
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Although you can't blame AL for what's happened at Jaguar with the seismic events, there have been obvious errors in purchasing Round Oak and not having hedging locked into the deal by the time of completion. I'm in the camp that says that this debt facility is better for shareholders than the capital raising alternative - don't think he would have got the required support from institutions as the share raising would have been about funding the closing of a mine whereas most raisings are about growth opportunities.
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My opinion is they will use all the $50 mil. It will also give them some breathing space with cash position.
(20min delay)