rapid fall..., page-9

"What are the odds of a highly dilutive raising &/or McCabe like deal in the pipeline? "

If you have a look at the debt expiry profile below, you can see it looks quite manageable providing things hold up.




In previous announcements (yes there have been some) Valad clearly states it is in negotiations to free up some AU$67mil worth of debt obligations. They said they don't need to, but the extra head room would assist going forward.

the proposal would have a dilutive effect to existing shareholders by some 16.9%

However IMO it would have to be higher than 15c in order for this to go through.

Valad has cash coming in through asset sales and VCS realisations. But till we get a current announcement we will have to keep reading the papers.