Ann: Smarts Underground Development Approval, page-31

point being how was investec debt paid...........it certainly was not all from positive cash flow, nor was it paid on time and like I said much was paid from investors pockets via cap raisings which certainly brings into question your comments about Ken's preference being debt over equity raising.
If ken's preference is as you say why did he do an equity raise (more than once) to pay down some debt ?
Pretty sure they also did an equity raise to help pay some of the trade creditors as well as I think that debt ballooned out to over $30M at one stage.
I would think it is way more likely given how hard it was for Investec to get their money back last time and TRY's poor track record since that Investec would steer well clear of them.
No one will give them any debt until UG permits are in place.
tommyboy you have been calling it oversold since it broke 12cps.
How is your own trading rules working out for you..........buy low sell high you say but you thought the lows were 12cps then 8cps then 6 cps now the SP is below 4cps