Originally posted by MrOctane
and then I saw the words "Capital Raising".......
Yeah I was hope it was going to be along the lines of 9"pending the release of drilling results"
I have been saying the try's financial position while much better was still very tight and that any issue could spell trouble, hence suggesting samboy was being overly optimistic.
So we have production guidance brought down as a result of that pit wall failure, impacting on the debt repayments and funds available for drilling at Ohio Creek.
I said previously that I would not mind try take on a bit of debt to advance exploration, seems like investec may not have been willing.
CR is what I didn't want to see given the low SP but IMO a right's issue to existing SH may have been a better option. Yeah I know most of use have been through that and suffered but I think at this point try has turned around