ATC 0.00% 3.9¢ altech batteries ltd

Ann: Altech - Schedule of Patent Applications Update, page-106

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    lightbulb Created with Sketch. 905
    From the September Quarterly report.
    It was also mentioned a few weeks ago. Still looking for the references.

    The final investment decision study (FIDS) determined the total capital cost of the Company's Malaysian HPA plant and associated kaolin mine at Meckering, Western Australia at US$ 298 million. In addition to capital cost, total funds will include items such as working capital, lender debt service accounts, bank fees, arrangement fees, debt service reserve and lender contingency reserves. The total funds required for the project will be available once the project finance structure is finalised and the requirements of various lenders confirmed. For large scale projects, such as the Company's HPA project, it not unusual for total financing, contingency and working capital costs to aggregate at up to one third of total capital costs. (298*0.333=99.2)
    The Company currently expects that this is likely to be the case based on feedback from proposed lenders on structuring and contingencies. The Company is currently targeting 65-70% of debt to equity ratio for the final funding mix.

    298+99.2 = 397.2 ~ 400
 
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