Latest BGL media coverage, page-123

Positive and negative scenarios to me IMO.
On the positive they clear a lot of debt to reduce interest payments and possible restrictions built into the loan contract because they feel they can hit the hedge book harder and are frustrated with POG so far above the hedging.

On the negative side perhaps they feel the upcoming guidance is not likely to impress the market so they want to have the raise done now because they expect a SP decline in the near future. This scenario I'm hoping is just unwarranted pessimism on my part because I imagine if they're doing a placement then the instos involved will want some reassurance of what they're getting into. The big question is of course what discount will this be done at???