So as I've said countless times....
Being a Con note and so linked to share price and therefore also company performance I don't think the facility is designed to reach maturity.
The idea being that as earnings increase and liabilities decrease you have a double whammy. More cash on hand plus less debt plus stronger forwards earnings equals a stronger share price.
You then have things like options coming into play which would provide even more cash.
IMO this facility is designed to retire itself either by cash settlement or conversion of the much smaller outstanding amount in around 18months providing no significant change to current operations both positive and negative.
Cheers.
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