Equity raise of that much money will be too hard and it’s not even about the price. This is what happened to the previous owner of Wonawinta.
The debtor is definitely just waiting on the line to see the progress of nz fast tracking as the sunk cost is just too much at the moment - if approved they might even just roll the debt over but if not MKR is gone.
Not very long until we see the insolvency announcement.
Equity raise of that much money will be too hard and it’s not...
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