Thanks for the breakdown details JD. I shall dig a bit more into all the diff tranches of debt. If Tranche D does indeed expire in 6 months, then agree it's a moot facility. I must have missed the Money Of Mine discussion on the debt tranches.
As I have mentioned before, I don't actually mind if they pull the trigger on another raise as long as they do it via an SPP or rights issue and NOT via an institutional placement. My preference is for a prorated rights issue so that all existing holders are given the choice to take part and not be diluted. Then the shorters can shove it up their proverbial backside and have to cover their short via on market purchase, which would then push the price back towards its fair value and the existing holders is rewarded. It's a win win for the company and the existing holders.
Given existing holders include a lot of the board and senior mgmt, it will also give them a chance to back their narrative with their money.
618
Thanks for the breakdown details JD. I shall dig a bit more into...
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