We could be right place right time., page-10

Given the string of cost blow outs and the resulting capital raisings ($50m+) in the last 12 months you would have to imagine the circumstances are not good. Todays market must be one of the worst times in recent years to raise short term debt.

"If I did pay it off in that period, then where is the problem?" No major problem except cutting in to shareholder profits. "if you did not pay it off in that period what would be the problem?" is probably the more relevant question.

They are already holding $50m+ of debt that will need to be serviced. Adding further short term debt will be at a higher interest rate and will need to be paid off sooner I would assume.

What impact to the 5.5year payback will the new short term debt have? With G6M you need to remember that to go underground in 6 years they still need to earn/raise $52m AUD before the end of year 5. Not to mention the cost of the new renewable power plant and the drilling/studies to get bold head online.

Are shareholders not concerned that after 3 CRs they are now looking for short term debt to survive? That $83million that just disappeared from the first 4 years of offtake revenue post change to mine plan sure would be handy.