EXR 9.09% 12.0¢ elixir energy limited

I don't understand why this was required if the tax refund...

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    I don't understand why this was required if the tax refund is anticipated 'soon'.. 16% is a bit high however if this means starting drilling sooner and not having to wait for the refund, I guess it's ok, as long we pay it back when we get the refund and not incur the interest for too long..
 
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