RE: The market will view this positively3 Jan 2023 10:13
2 things:
1. They always needed funds for the 6 or 7 CC well completions - there was never enough in the current working cash. I got very annoyed when Art announced the spend for the 6 wells, knowing we didn't have the funds to do this without completing the RBL.......
2. The bond reset price - this RNS is really good news, one for the fact there is no reset on existing and two that the new $4m is at a higher price ... oh and 3 that it looks like its all with the cornerstone Investor so there wont be any conversions.