No discussion for a while. Someone was willing to pay a little extra just before the close today for a bit of a punt here. According to the quarterly, the board is supposed to be in discussion with financial groups to arrange a convertible debt facility for funding this quarter, as current cash levels look extremely low. Might be a tough ask for them in this market. Heavy dilution likely for a cap raise at these levels. Low ball placement to MLX perhaps, as they nicely cashed up, but more likely to be focusing on increasing their stake in WGR.
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No discussion for a while. Someone was willing to pay a little...
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