Originally posted by Thor2Dacore
Just to be sure I am not missing anything, but am I correct in reading that we won't require any major equity funding? By my comprehension KfW debt funding will cover Mt Peake mine site AND also the Darwin TiVan refinery site build? $600mUSD / $850mAUD
I can appreciate the final build costings could rise a bit with SMS build & ship premiums, but I would nearly assume the German banks would raise to cover that extra.
Imagine the value per share with an updated model and pricing and no dilution! After the Vimson issue dilution, it almost seems fair to shareholders that there's very little dilution a long the way now.
At the risk of sounding like a broken record,there will be an equity component of circa 30% of TOTAL funds raised,which will be well above the headline capex number.Even if we put on our optimist hats (not that I own one),and assumed 80:20 debt/equity split,there will be dilution and unless it's raised at project level,it will be significant.
I don't wan't to seem like I'm raining on the parade,but,dreaming of unicorn outcomes will only lead to disappointment.
