In < 2 months, convertible debs will be in the money.......that's almost unheard of!
So what do they plan to do with $575M?
The lion's share is clearly earmarked for K&K, but it would be nice if a big chunk is devoted to Platreef.
IMO, the most recent Platreef financing plan to borrow $200M from a pair of banks may no longer be necessary.
IVN's cash on hand, plus the $300M streaming facility from Orion, should be ample to move Platreef forward quickly.
As for Kipushi, I would wait until IVN is swimming in cash flow from K&K. And the wait won't be long.