Ann: Trading Halt, page-18

"remember mining leases, enviro approval, NAIF, port leases would already have been finalised." So how much are they getting from NAIF @tcf?

Just spitballing here, but If they are raising the max 25% entitlement now (and i haven't checked whether they have accessed any of that 25% this year), this would allow them to issue 100mil new shares (lets call it that). If they go at 20c, then that would only get them $20mil.

It does beg the question as to why go now? Hopefully its from the weight of inquiries and interest in Mardie.......

And if they do raise the above $20mil via their cap, it would appear almost certain to me that they will probably also have to go again, post FID, as equity would have to be the last portion raised, once they know their NAIF and debt loan figures.

They could go bigger and seek holder approval (the AGM is scheduled for later in November), but what has changed that they feel the need to raise now?

Interesting times.