Unlikely Aca. They still have to raise the ‘final’(?) equity component and this could include a SPP for the benefit of the long suffering retail holders.
However, before then, a couple of questions for the company, like
1. Now that SOP has been taken out of the current funding equation, how much more is needed in equity funding?
2. What is the status of the MIND ID MOU and their ‘potential equity investment’? How much and what will that leave the company needing in final equity raising?
3. Finally, now that SOP has been cast aside as the poor cousin, what are the realistic chances of BCI securing ‘standalone’ funding for the SOP component of the ‘Mardie Salt & Potash’ project when others in AUS have failed to get production going?
Currently enjoying an OS holiday so time lags can be an issue……
GLTAH.
Ann: Credit Approvals for Total Project Finance Completed, page-14
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