what I don't understand is why 200Mil ? thats way more then required to get us out of the hole. unsecured debt problem. they have stated before the revolver facility at 269Mil was likely to be rolled over and we have no futher debt due to december now.
Would make sense to me to do a cap raising now for the 109 Mil ? (think) for the unsecured facility and derivites owed. The SP would rise enough that come december if we did have additional problems rolling over the debt there would be far less dilution.
MDT Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held