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Ann: Managing Director Company Update, 121 Conference Cape Town, page-33

  1. Bollingenuity
    574 Posts.
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    07/02/19
    16:24
    Post #: 37366058
    The debt mandate was for $600m USD = $845m AUD. Plus the $16m in cash = $861m. This more than covers the entire pre-production capex ($853m) which includes contingency funding. Surely they don't need to place another 2.5B shares - perhaps a much smaller equity component for working capital would suffice?
    TNG Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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