Couldn't agree more with ordinary1 and vidi.
The SPP at full take up can only raise around $4-$5m. I think CCU will be lucky to get half of this.
Even if they received $5m from the SPP, this will not be enough to cover Jan-Mar expenses + CBA $2.6m given the pitiful production in Jan-Mar qtr.
The Sprott "deal" is no more than a firm possibility of a definite maybe. And is irrelevant to trading through March in any case.
Suspect Sprott deal will go the same way as Pattersons.
Only winners in this 1000-cut death is management.
sprott refinancing, page-8
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