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      "text": "Complicated Standalone Path Forward: Requirement to conduct one or more equity offerings for aggregate proceeds of at least US$650mm by December 31, 2022; Resolution of funding gap is subject to positive developments in debt re-profiling negotiations.",
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      "text": "Difficult Current Market Conditions: Market conditions have worsened since Rio Tinto's Initial Proposal, with metal prices and Turquoise Hill's copper peers trading well below levels seen at the time of the Initial Proposal in March 2022.",
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