Mark’s shown he’s no dill. I’d speculate that the finer details of the debt funding agreement weren’t looking as favourably and or the finalisination of the debt wasn’t going to meet the rapid production timeline. While dilution isn’t always ideal it’s better to secure the funding and then some without having a debt funder drive operational decisions. He has a substantial holding 50M+ which was diluted like the rest of us. That suggests he absolutely believes the capital raise was the right option.
When’s our re-rate coming? I’ve been expecting 20 to 30 cents for some time.
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