Ron mentioned at a conference (I think it was the one in HongKong) it would be 70/30. Best case would be NSW gov funding the whole thing. Next best- government funding 100m, capital raise or dept bank funding for the remaining Likely outcome is no government funding, 100m by finance and 33mil capital raise. fingers are crossed that we can get government funding as it’ll put a rocket under the share price and I’m sure Ron and the team would know that but would need to happen in a timely manner which is what they have stated in multiple presentations. They have said it takes too long but have stated that is referring the to US funding. They also constantly say “you’d be amazed who calls us” and then posted a photo on X with NSW government official. my guess is that if we do get a good financing outcome they’ll raise on the back of that at a higher price but that’s probably me having wishful thinking.
LRV Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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