MYL 0.00% 70.0¢ mallee resources limited

Ann: Updated Resource with Substantial Indicated Classification, page-36

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23 Posts.
    lightbulb Created with Sketch. 2
    They have said $35mil to allow them the facility to raise extra $10-15mil at some point down the track rather than having to call another General meeting tk get a placement approved. While it the raise/raises over the coming months may dilute- I believe this is the last funding component we will see from the company in terms of equity and shares being issues in a placement. Whatever money they raise for working capital will get them to the feasibility study(end of 2018). From there you will have a bankable document that will attract financing ie- debt (non-dilutive) for the construction and running of Bawdwin until they get cash flow positive. With very sound project economics and a payback period on any debt of 2-3 years, investment banks bidding to provide the debt to MYL- it will likely be on very good terms. DYOR. W
 
watchlist Created with Sketch. Add MYL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.