I think they need to raise capital to reduce forward business risk.
I think this need is all in your imagination. The company is in a better position to judge where and when they need to raise more capital. They have already clearly stated that they have NO NEED for a CR and that re-financed loan (in effect overdraft) is sufficient for their needs at this point in time. There is no need to muddy what is a clear and concise message from the company itself.
Just for your benefit here is the official statement on capital from the company in the July newsletter released on 1st August:
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I think they need to raise capital to reduce forward business...
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