Faro Advisory are working on a debt funding option as per announcements…Pre-sales of product are also likely if required…Did you work out the company now owns all equipment and machinery delivered to the site…What value do industry experts place this equipment…$$$ Millions Most items are off the shelves suggesting they can be removed and resold…
Seems every bank and potential funder require security…Imo the company now has that as they now own the equipment which they could not previously provide as security as the rights issue transaction needed to be completed…
The company has not accrued any further debt from ongoing contracting work…Once the final details of debt funding are established hand funds available the 6-7 months begins…Not before
Too easy…
Regards Croc (Transformational year…)
WKT General discussion, page-275
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