MB - you mentioned this:
"2. There was an article in The Australian that said that GS was considering a debt to equity swap to finance the plant in Augusta."
that's not correct, and could be quite confusing.
what the article in Aust said was:
" Eden has canvassed debt funding from US sources, but Solomon says initial equity funding is more likely unless management has a “high degree of confidence” about orders."
Quite different to a debt-for-equity swap.
All Solomon was saying was, for the Phase 1 development of 12.5m gals, was that at this stage, EDE will look at equity funding rather than debt. He is hinting very strongly, that IF they get commitment for orders of Edencrete in advance, that EDE might then look at debt finance. That is, if they get Offtake agreements then they will look at raising debt instead of, or as well as, equity.
So still plenty of water to flow under the bridge.
All sorts of things can happen to assist in raising funding for the new plant.
cheers mate, keep up the good work.
EDE Price at posting:
25.5¢ Sentiment: None Disclosure: Held
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