If it was soley for working capital, they would have just drawn on LDA and avoided a huge immediate discount and sell off.
The purpose of the LDA facility is to provide working capital as required.
If it's a local broker, details are always leaked to the financial media, and there have been no leaks.
A 4 to 5 cents per share discount plus hefty broker and legal fees hugely exceeds the costs of LDA funding.
Its wait and see.
If it was soley for working capital, they would have just drawn...
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