What a fantastic read, Ian, John, you are to be highly commended for your perseverance and dedication.
The highlights for me............
1) best presentation GIP has ever produced
2) financing underway, apart from the already announced consortium of four banks we have now also ;
a) "A waiting list formed of banks expressing interest"
b) "Discussions commenced with potential Equity investors"
3) In addition to 10 year Tantalum Off-take agreement & direct sale of tin to LME, Feldspar = Expressions of interest for feldspar production Gulf states–0.7 to 1.3Mt Italy – successful ceramic testwork
"Recent enquiry for 100% of feldspar output"
4) "To finance Abu Dabbab with equity injection at project level,preserving value in other projects for Gippsland shareholders" = No massive dilution.
5) From the Summary section;
• "Substantial interest from Middle East Equity investors"
• "Upside in looming world shortage of Tin"
• "Expressions of interest in Feldspar"
• "Excellent financial returns projected"
• "Innovative finance structuring"
Projected alluvial tin income by September $15.5m ( assumes tin maintains $25k ), Tantalum (world shortage looming ), Tin ( world shortage looming )& Feldspar all readily saleable, new potential Bankers on a waiting list, substantial interest Middle East Equity investors, NPV $593mio (50% to GIP ), Market Cap. $17mio.
I believe will see 5c by the end of March as more of this good news spreads around the ASX & World markets.
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What a fantastic read, Ian, John, you are to be highly commended...
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