Honestly….I am confused by the structure of these deals.
- We have the bridging loan at $1.6m.
- Jinpeng to be issued 25m+ shares at 11c = circa $2.75m.
- A drawdown of US$4.4m on the BMCG standby funding (which many here claimed wouldn’t be used) = circa $6.4mAUD
- TNR vendor finance package to $1m
= total expense of circa $11m AUD.
And Jinpeng get milestone payments of circa $700k+, same with BMCG commitment fee at $700k+ and Faro receiving shares worth north of $50k.
The company rightly points out the need to communicate revised cost structures shortly.
A found the reference to 3 months worth of funding is still in place pending the drawdown of any debt funding.
A convoluted mess.
Ann: All EPC equipment to be shipped from China, page-5
-
- There are more pages in this discussion • 581 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
-0.003(2.33%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $21.84K | 201.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 594881 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 233628 | 5 |
View Market Depth
| Last trade - 12.11pm 12/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |