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Ann: MD presentation AGM, page-23

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Prince007

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30/11/15

18:11

Post #: 16512694
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Originally posted by mafew82 ↑

Ando - what presentation did you listen to?

Regarding finance:

1) "Very close" to securing a financing agreement for overall mine and refinery funding. Again was hoping for this announcement for the AGM indicating it is in its final stages. Well advanced with "all" project funding.

2) Financing discussions "well advanced" with tier 1 organisations ranging from banks to fortune 500 companies in New York.

3) Engaging at a high level with the NT Govt, TNG said to be one of the first companies to initiate discussions with the key members involved in this fund.

4) Funding a lot more manageable in USD and Pounds, "a lot more doable".

5) Potential for SMS to build and part-fund the refinery and as such can reduce CAPEX requirements significantly to "a much more acceptable level for shareholders".

6) Financial adviser to be appointed in the near term.

Cynicism is fine and natural however unless you're not taking PB at his word then the above supports a very positive view regarding finance. Appreciate your POV Ando.

IMO.

Mafew
DYOR

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Well I do know that Banks don't stop for Xmas, so there could be some news.

I have had a couple of finance settlements at the end of December over the years.

TNG Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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