Yes FredBear - it is exciting (hopefully)
I think that the contents of the Lemsec report are pretty much bang on. Atrum put this report up on their website 3 weeks prior to suspension so it is essentially as if the content below came straight from their mouths.
Specifically...
Funding – Minority Equity Sell-Down Atrum has outlined funding plans for the development of Groundhog North Underground via a selldown in project equity in the first half of 2015. The development strategy is intended to provide easy, quick entry into the anthracite seams and a phased development via small scale mining aimed at conservatively managing funding and operational risk. Capital requirements will be funded via the sale of a minority stake in Groundhog North (1H 2015 expected completion) in conjunction with leasing/debt facilities. While overall capex requirements are US$596m (US$171m drawdown to positive cash flow), only US$58m is budgeted to the commencement of small scale mining in 2015. The finalization of the sell-down in project equity would not only provide funding for capex, but in addition would mark a vote of confidence in the project with read-through on valuation. Delivery of this milestone in the first half of 2015 represents a key near-term catalyst to watch. Funding – $100M Equipment Finance Deal Atrum has announced today that it has signed a $100 million agreement for equipment finance with China Coal Technology & Engineering Group Corp (CCTEG) for the supply and finance of underground anthracite mining equipment. CCTEG is one of China’s largest state-owned enterprises, generating in excess of US$7B revenue from the manufacture and sale of specialised coal mining equipment and operating coal mines. We believe this agreement will assist the Atrum with the equity sell-down.
- Forums
- ASX - By Stock
- ATU
- Ann: Continued suspension
Ann: Continued suspension, page-9
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATU (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ATU (ASX) Chart |
Day chart unavailable