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08:04
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Originally posted by kafko:
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"how did you come up with 32m refurbishment costs for plant 2? It was 14m usd around 21.22m aud" Add up short term emergency funding received from preference shareholder = 13.4 million AUD +3.3M reduction in cash reserves since QRSPPs never available to offshore - if you do so its considered issuing securities into that jurisdiction and you then need to comply with the laws and regulations of that country with respect to the issue. No company will ever accept US applicants etc into an SPP because to do so you're then subject to the SEC which you don't want. This is not a strategic move." I wasn't commenting on the SPP. The announcement states that overseas individual investors are barred from the SPP.It was the institutional placement I discussed. Remember the offer consists of an institutional placement and a SPP. The SEC offers protection to retail investors. Institutions are considered sophisticated investors and outside SEC purview. That's the reason they have nominee companies so they can participate in any capital raising." Inthe Equity Raising Presentation a figure of $A22m was disclosed as TaurusBridge facility and/or Plant 1 Refurbishment. That is not necessarily the finalamount for the refurbishment, which I guess could be revised up or down dependingupon how things go. It is probably impossible to estimate with accuracy whatthe final cost will be until the exercise is in progress. Unless I have missedsomething your figure of $50m seems far too high." See my reply to old folk above My tip: After the experience with Plant #2, Plant #1 will be scrapped. THX mate
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aye aye aye. You for got to mention other cost related to kcn office in sydney + Akara office cost + set up 4 founds as required by new law + plus all the activities we did for locals have cost too. Also we had to buy reagents which isn’t free
(20min delay)