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17:54
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Originally posted by noodly
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"We've had two or three more C/Rs after PB said it would be the last through to finance. "SMS Investment 20/06/16 as it progresses project financing discussions for Mount Peake and advances engineering work being undertaken as part of a number of pre-development activities currently underway.SPP 01/12/16 used for the ongoing development activities at TNG’s Mount Peake Project and to provide general working capital.Insto raise 03/04/18 as it advances key pre-development activities at Mount Peake including completion of final off-take arrangements, final engineering and design and securing the overall funding package.Vimson Placement 24/09/18 be used to progress the final engineering design and permitting required before TNG makes a final investment decision for the Mount Peake Project.. The strategic investment by the Vimson Group follows a number of important milestones for the project, including approval for a Native Title Mining Agreement (expected to lead to the signing of a final agreement and issue of a Mining Licence) and a number of senior appointments to the Company’s senior management and development team.Insto raise and rights issue 11/06/19 further progress pre-development activities including design and engineering, final permitting and planning for the Mount Peake Project, and to provide general working capital, ahead of a potential Final Investment Decision for the project. Entitlement issue 02/10/20 for completion of the design, engineering and approvals work streams, and pre-development planning for the Mount Peake Project, as well as to provide general working capital, as the Company progresses the Project towards the Final Investment Decision for project financing.
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Excellent research. @ando1 is saying is true. PB has said on (at least) two separate occasions "fully funded to FID". This is why we are gun shy. But that was the past.research report
(20min delay)