VUL 4.28% $4.25 vulcan energy resources limited

Ann: Corporate Presentation - April 2024, page-5

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    This is directly from yesterday’s presentation.

    I will underline the part you seem to have missed.

    “Currently in a process to fund Phase One with strategic equity investment at a project level. Up to 50% project-level sell down considered, to fund 100% of the equity requirement for Phase One (ca.€630m).

    With the way they have worded this, they intend to try get that 50% sell down reduced.
 
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