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$3.67 vulcan energy resources limited

VUL megathread, page-7087

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redbaron

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01/03/24

16:24

Post #: 72699993
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Originally posted by hvacgeek: ↑

Canacord's take on the EIB's "under appraisal" funding and how it fits in with what else looks lined up, and what's left to find...

The €500m of debt funding announced today accompanies an existing A$200m (~€120m)of debt funding indication from Export Finance Australia (see note) and provides ~50% of the €1,399m funding requirement for the ZCLP, on an indicative basis. If Nobian elects to form a JV with VUL for the Central Lithium Plant (50% capital contribution of €179m see note), and with the German Government signalling that it may contribute 40% of geothermal costs (CGe €272m), it leaves a €328m funding gap before any sell-down of the project (excl. €78.6m in cash). The company continues to sound out strategic investors for equity funding, targeting indicative offers in the first half of 2024. If VUL is able to achieve a sell-down, with capital commitment, we believe a manageable funding gap could be delivered.Yes, CAPEX is a big number, but already the ducks are lining up well.

Read the rest here... and acknowledgements to anyone who previously posted this

CG_23.02_24.pdf (v-er.eu)

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Thanks for sharing!
Great weekend read!
Cheerios

VUL Price at posting: $2.57 Sentiment: Buy Disclosure: Held
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Last $3.67		Change -0.230(5.90%)		Mkt cap ! $690.6M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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No.	Vol.	Price($)
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2	5900	3.660
6	7750	3.650
1	1868	3.640
4	6701	3.630

Price($)	Vol.	No.
3.680	1500	1
3.710	215	1
3.720	5000	1
3.730	8250	2
3.750	4000	1

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