Aus - I don't know the hedging terms that you are chasing - I have emailed JB asking for an explanation.
The total ABSA facility is $65m - none of which has been drawn down yet.
$35m available for Penumbra project finance
$15m to extinguish EDFT debt - but over $5m already paid on the $15m to EDF via Ferreira coal
$15m working capital
A significant amount of money has already been spent on Penumbra, so it seems unlikely that Conti will need to access the full $35m project financing. Plus SIOC-cdt will need to contribute their 26% share. ABSA may allow the above funding arrangements to be rolled over into DeWittekrans project financing.
CCC Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held