APG austpac resources nl

where are we going apg?, page-26

  1. jwt
    3,969 Posts.
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    ""What happens if APG go over budget during this commissioning phase? will Kronos cough up the extra cash? Would this lead to a cap raising?""

    Kevi, I think the answer to your question is relatively straight forward; "over budget" does not mean they are out of money. If they are out of money, they will need to raise some. Money could come from different sources. There may be a Cap raise; public or private: Kronos may stump up some. There may be other Co's in the pipeline who want to have a licence and be prepared to pay in advance. And of course dilution would naturally occur. And there may be other sources. I also seem to recall there is a drawdown facility in place we have never used, but my memory here is poor and I may be thinking of another of my investments. Try not to worry Kevi. cheers jwt

 
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