The investor presentation prior to the big cap raise set out the contingency, debt service facility and other cash requirements. Totted up these came to $50M above and beyond the estimated capital cost, accrued opex during construction and interest costs.
The total funds available were supposed to $263M.
We have had notification of 145 CP's being met and at least one loan being made available.
A few people are saying cap raise but it would be quite extraordinary if $260M is available and they have blown through the $29M contingency so soon.
As for the damaged plastic liner theory, an onsite photograph shows the poly weighted down by green sand bags. It is a plausible idea. We were told that 60Ha had been lined.
It will be interesting to see what the outcome is
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