Thats a good post actually. The reference on the equity raise was specifically raised by BB at the recent EGM. Basically that all debt and no equity would be high leverage and I cant recall if a ratio was mentioned. Then in the next breath he stated he hated consolidation and there were two avenues used to get debt (plan A and B).
My interesting take out is SK are talking to AUZ representative (that would be Menagu[how ever its spelt]) and I recall they chose these to represent them in negotiations as that is what they do for a living and therefore get the best possible terms and conditions. So, BB knows when he DOESN'T KNOW and have the experts cover this.
Open at 11c and close 10.5c
Ann: Reinstatement to Official Quotation, page-35
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Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $11.80K | 1.169M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1175337 | 2 |
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