sounds like there must have been penalty interest rate clauses in there. capri's real motivation is revealed.
good news is it is all out in the market now. market hates uncertainty and is fwd looking. re-rate will come once funding for $3m contingency is priced in. if not needed then it is upside for holders. surely it will be settled now.
strong endorsement for the project to get any sort of financing deal away no matter how dilutive. so many with their hands out at the moment. mgt team has done well.
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sounds like there must have been penalty interest rate clauses...
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