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18/10/18
12:52
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Originally posted by BkrDzn
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FYI put out its feasibility late last month. It was a little late. Numbers came in very good. You should read it for yourself as I have read the feasibilities of all companies in the space. The MD has done marketing trips to Asia, stated interest is strong. I suspect progress on that end will be known reasonably soon. For me to know specific names at this point would likely constitute insider info. However, not knowing these details/participants at this point is not much different to ATC in a similar state of progression.
Good stuff. Assumptions arise out of ATC's selective disclosures that only seem to be made to get one back at the peers as they progress their own projects (neither of whom seem to try and slander ATC, just get on with what they need to do). I note that finance was meant to be done by June. It is late and given the vain desperation to be first, management have flagged they will not be patient and risk materially diluting the share base to keep early works at Johor going. Complete back flip for what? Placating egos?
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Cheers. That’s what l found too when l read their PFS. Flagged the usual financing options, but nothing material as yet. Hence the market cap being so low. Hopefully they find an off-take partner, maybe then the market will give it some value.