GRY need $208m, but already have some cash, so unlikely to need $100m debt and $100m equity. PVM (I don't hold this) managed to raise $115m from the equity markets in one go, which I think is remarkable- debt has not yet come through. Little wonder some major holders didn't want the company in some small-fry merger. So, if PVM can raise such a large amount, perhaps GRY can raise a lesser amount.
GRY need $208m, but already have some cash, so unlikely to need...
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