Hi AGC
1) I think it's a realistic timeframe for first gold pour to occur as it took one week for plant#2 to produce its first gold pour after commissioning start-up.
2) On 4Apr 'Neilus' opened a new thread entitled ' Broker research' and the first post contained a report from Canaccord Genuity - on pg 9 of that report and I quote ' Our conservative modelling suggests additional funding of A$45m is required in JunQ'24 to cover refinancing of the existing drawn Nebari facility and ramp up phase in 2024, and we assume this is funded by additional debt'. I have concluded that this is more than likely coming from Bangkok Bank as they're underwriting/guaranteeing our leasing deal with MetroCAT - the operational update dated 15Mar24 concluded by saying 'and we look forward to continuing to work with MetroCAT and Bangkok Bank to grow Chatree' - and they've been saying for over a year about obtaining finance locally from one or more Thai banks. The amount of one billion Thai baht amounting to A$41mil is a nice round figure and fits into my cashflow forecast. You could be forgiven for thinking that Canaccord Genuity might have had an unofficial 'off the record' chat with Management about this required funding.
You would also think it would be a condition of the funding that first gold pour occurs to prove the plant is working as it should before the financing becomes available for drawdown.
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Ann: Green Light for Plant 1 at the Chatree Gold Mine, page-95
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