ASM 0.93% 54.0¢ australian strategic materials limited

People are just being silly NOW .., page-20

  1. 235 Posts.
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    EFA conditions to secure A$200 million funding is subject to these conditions...

    "As outlined in EFA’s non-binding letter of support, a successful outcome from the EFA assessment and due diligence process is contingent on a number of conditions, summarised below:

    • securing offtake commitments for metal products, which diversify critical metal supply chains;
    • execution of a lump sum turnkey fixed date contract with an acceptable engineering contractor for the engineering, construction and commissioning of the Project;
    • finalising the Project’s funding plan including the raising of equity and securing funding from other lenders;
    • meeting eligibility criteria, credit and risk requirements, including, but not limited to, EFA’s “know your customer” and anti-bribery requirements and checks; and
    • the Project receiving the required regulatory and environmental approvals
    ."

    I think I'll distance myself from the market for at least the next 6 months and check back in then. Good luck all, hang tight!
 
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