The money available builds the cophers to a level that we "should not" need to go through another process of capital raising again before the all of the deals have been completed and contracts signed.
If the extra money helps in fast tracking the project, then management should utilise it to the max.
I also assume that the second tranche has already been filled by the investors, and is just awaiting share holder approval in accordance with regulations.
SDL Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
