Financing challenge & strategies, page-46

No offence intended towards you Scoots but pretty naive to think offtakes and finance would just fall into place for both shareholders and management by a drop dead date being a couple of days before the AGM. I hope to be proven wrong.

It is still a long and slow road to get Mt. Peake into production especially if it is to be funded by a conglomerate of financing products. DD is the time killer!

This is why I have always said the MOU's are a great marketing outcome to show management have engaged with tier one partners but the hard work that management should be rewarded on are the binding agreements which are obviously a little harder to get the signatures on given we've just the one at the moment.

My personal opinion is we will know by March next year if we are good to go as I'd reckon we have a 3 week window to secure further binding offtakes and then the window for financiers will open up towards late January 2016.


Might see some of you blokes next Monday.