What are you talking about. Collins Street is sweet and secure.
Regal are shitting bricks. They need to protect their investment. Collins street has all bases covered with security over the mines , minimum cash covenants required by AHQ holding in case an administrator is called in and the note holder can get is its secured assets and anti dilution provisions, which would trigger a modified Conversion price.
Regal will need to find capital if they want to hold their investment. Im backing that AHQ will get recapitalized.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35
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