The magna deal was bad.
But I suspect it was done partly to satisfy initial condition of debt to royalty conversion and allow Anak to make 10ktpm, which more than 100ktpa and put this for shareholders approval.
So whilst the magna deal was bad and the logical reasoning for avoiding excessive dilution etc DM fund was paid a fee as well for arranging this deal, I could see maybe he was pressured for time to get initial condition done by the time of AGM..still it wasnt a great decision.
The magna deal was bad. But I suspect it was done partly to...
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