"Would have thought project funding would have been well and truly bedded down before any firm offtake agreements were put in concrete"
one would think so, eh? I do know that the offtakes and funding were intended to go hand in hand, and that was the supposed purpose of the consolidation. With our holdings reduced 8:1,the plan was to issue about 160 million of the "new shares" to the offtake partners at 80c a share plus for funding, and the rest was going to be bank-funded. Was a good plan that would have funded the whole project. Sadly, it did not come about, and our board has never explained why ?????
GZ
PRH Price at posting:
1.1¢ Sentiment: None Disclosure: Held