I agree good news overall. Its unrealistic to expect investors to put money in at a premium, they value the company as it is now not how it maybe in 2 or 3 years time. The increase in value over that time is the reward for taking the risk now. The discount is not bad considering the buy side has been very thin of late.
The loan although subject to due diligence show the management can raise money in other ways other than dilution which is good news for retail investors.
They need to raise around about half a billion AUD$ to reach full production (US$46, for phase 1 and $US$250 for phase 2) so there is a long way to go but the loan is a great start.
General Chat and Comment GBE, page-523
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