RE: very disappointed24 Jan 2019 20:21
LiTC, you have heard it yourself in the conf call. Cf has said himself that the 400 to 600 will be spent first before any other debt kicks in. That means to me, share issue first, then agree the high yield, possibly convertible bond, before commercial and ipa debt. He even suggested that the ipa won't come into play at all. That's why I think the placing is not avoidable, and the earlier it comes the better. Or does anyone think it is advantageous to wait until the sp has drifter to 15p and the placing will go at a discount from there?