If the $45m is accurate, it should be enough to get us to first gold pour. We have approx $20m in the bank, add the additional $45m and we' re well and truly on our way.
Now we just need to find out what model the fund will be raised through? It almost certainly won't be retail investors. Instos probably.
Probably the best would be a rolling bond facility so that funds can be drawn down as required and offset dilution as the SP increases.
information on trading halt, page-20
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