That's exactly as our CEO conveyed our financial position, Peter. Thanks for transcribing those words verbatim.
In summary, EGR only needs to borrow US$40 million in the form of a conditional loan which the Aust govt has granted us for the expansion of our downstream PSG plant in Kwinana. We have AU$50 in cash already in the bank to commence construrction as soon as the local govt of Kwinana/Rockingham give us approval to proceed which is only a matter of weeks away.
There will be surplus funds from the initial Cap Raise of last year to fill the gap of US$10 needed to complete the projected cost of the expansion to the plant's output to 20,000 tpa (not to mention that by time will have revenue coming in via Stage 1 production). So, essentially our complete downstream operation is fully funded with a comparatively small govt loan factored into the equation. Some companies are having to contemplate loans in the vicinity of US$185 million plus CR far higher then EGR which also has the SOI of a quarter. Go figure.
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $52.21M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 11.5¢ | $56.60K | 471.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 37983 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 10500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 37983 | 0.115 |
7 | 235500 | 0.110 |
9 | 145384 | 0.105 |
15 | 355594 | 0.100 |
1 | 140000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 10500 | 1 |
0.125 | 113726 | 5 |
0.130 | 19999 | 1 |
0.135 | 10000 | 1 |
0.140 | 84519 | 2 |
Last trade - 15.54pm 12/07/2024 (20 minute delay) ? |
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