@Reaper11, reported CAPEX earlier this year was AUD73 million.As...

@Reaper11, reported CAPEX earlier this year was AUD73 million.

As of June 30th KIS held ~3.1mil, the exercised options gave them ~5.6mil, TAS government agreed to 10mil loan, the syndicate is 33mil and equipment / leasing finance (what they have stated they are seeking) will be 10mil.

So not taking into account their spend since June 30th then they will have approx $61.7mil covered which leaves a short fall of $11.3 million. It's not a huge amount, but if we had a share issuance capital raise at say 0.15c p/share then it will add a substantial chuck of shares to the register, roughly a 1/5 dilution.

I'm hopeful it doesn't come down to a large share issuance but instead we do at last get the government grant that we have all been waiting for, after all Tungsten is included in the "critical minerals" list that government spoke about offering support to earlier this year (https://www.copyright link/politics/federal/morrison-to-launch-10-year-critical-minerals-value-add-plan-20210303-p577he).