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747 Posts.

185

08/02/23

09:01

Post #: 66129230
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Originally posted by Sewell15: ↑

60/40 debt/equity going to be an enormous stretch if we don’t get our market cap to at least $800 million IMO. That’s >4x from current levels. I would think 75/25 is a more realistic split.

If we can get $500m from EFA, $250 from NAIF, $270m K-Sure, $200m from EDC, $200m from Aus Banks and then achieve a $150m reduction in the capex requirement from easing inflation, this would leave $530m from an equity raise. Ideally, we get more from NAIF, but not sure that’ll be the case. We indicated $250m in that quarterly that was then withdrawn.

Double our market cap through the equity raise is a reasonable expectation, but any more than that is unlikely to be achieved IMO.

There is a line of sight to getting it done, but we need to start ticking a few boxes to get the share price to move in the right direction and support the project. Unfortunately, we just have to wait until the Gov’t tick all of theirs!

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Wasn't it 500million from naif in that release?

QPM Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.4¢		Change -0.002(5.56%)		Mkt cap ! $85.72M

Open	High	Low	Value	Volume
3.5¢	3.6¢	3.4¢	$43.56K	1.241M

Buyers (Bids)

No.	Vol.	Price($)
2	460516	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	62060	2

View Market Depth

No.	Vol.	Price($)
2	460516	0.034
4	603030	0.033
6	337657	0.032
5	656954	0.031
13	1227770	0.030

Price($)	Vol.	No.
0.035	62060	2
0.036	161470	3
0.037	779467	5
0.038	1100000	8
0.039	1409404	4

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