I have had a conversation around this. Equity will be drawn down first. They will draw down debt in circa 12 months to save on interest.
Therefore, strategic equity or us/ instos will get a go. As you said, hopefully they ignore the shorters.
That all being said, I know investment (equity) will be from Korea, with possible Hancock, Posco, Australian Super, and one other which eludes me now. This could have all changed with the new government cash injection…a d given they can go back to funders and renegotiate better terms. So, the shorters are gambling that there is enough left for them?
Imagine the uproar if they ignore us again, and we see the repayment of shares again, and they look after the shorters, all while giving themselves a nice incentive scheme…Darryl and Peter, and of which Darryl has just shown his face, and reaches his first milestone with Peter (low hanging fruit there).
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I have had a conversation around this. Equity will be drawn down...
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