Macquarie is just trying to make sure they won't go bankrupt before they repay their debt. Capital raise to guarantee their money first.
Pushing for another round of debt negotiation down the road.
CR would be at a discount $0.15?
"We promise we are fully funded until next debt renegotiation." No reason to celebrate but further dilution.
The issue here is the AWFUL PRODUCTION RESULTS well below what was planned.
Ann: Trading Halt, page-19
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