Okay so my comment re the Capex hole being filled seems wrong, this from Hartley's analysis:
1) SFX hasannounced a NAIF loan for $95m to construct on-site LNG power generation andstorage facilities, the upgrading of mine site roads, in-sourcing of mine siteaccommodation, and facilitating the construction and revitalisation of shiploading and logistics assets within the Port of Derby in Western Australia.
2) Thelargest components (power station and camp) were previously assumed to beoutsourced, so the loan has no effect on the required startup capex.
3) However,it does give better control to SFX as operators, and potentially could reduceoperating costs (if SFX can run the facilities as efficiently as contractors).
4)TheNAIF Facilities are subject to definitive written agreements being entered intobetween the Company and the State of Western Australia as lender.
Still a massive positive IMO, but they still have a bit of a gap in the initial Capex requirements!!
Cheers
Cabe
Okay so my comment re the Capex hole being filled seems wrong,...
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