I think/hope they will get more from the Australian Govt. EFA which they have already indicated.
Hopefully they get more from the U.S as well as Rowena was mentioning in the interviews that there are a number of avenues to pursue for funding over there. Hopefully grants and not loans(pie in the sky)
The other decision is whether to partner and sell up to 20% or go it alone. If they sell 20% for 400 million and then the buyer has to pay their 20% of the project then ASM will almost be there.
Total cost of project approx. 2 billion aud 923 million aud from U.S. exim bank. 200 million aud from EFA at this stage. 400 million from sale
Reduced cost to ASM which is now 80% of the project and down to 1.6 billion aud
If EFA agrees to increase the amount or they get some grants they will have some leftover from their 400 million sale which can be used for contingencies.
Easy peasy but of course they have to decide to sell and other things have to fall into place.
Any thoughts. Is it that easy?
ASM Price at posting:
$1.55 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)