Fantastic work Mihal. An excellent summary and much easier to digest than the audio!
ONLY 70M CAPEX FOR BIG MOMMA? I was thinking at least double that but we will have a concrete figure soon enough. If they're right then we should all be dancing in the aisles as there will be a very quick payback time on this investment.
$6-8m cashflow x two from VV and Ferrier. Rolling debt of $25m and an open EDF of $20m, plus $9m due from the sale of VanMag... That covers a good chunk of development costs for DeWitt - did they say that debt funding will cover the remainder, given they mentioned that no more cap raisings would be needed?
Anyone believe this - No more cap raisings?
ccc agm highlights pdf, page-3
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