A recapitalisation seems the most likely outcome here.
Honestly, we were all worried about a CR in April, and breathed a sigh of relief when the note came through, but on retrospect raising then was probably the better option (not suggesting it would have averted the current production problems in any meaningful way, but we'd have a wider range of options to deal with it)
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-32
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