These appointments are excellent and the directors should be...

These appointments are excellent and the directors should be congratulated.
The financing required is very specialised and Cutfield Freeman have the credentials to get this funding done.
I would expect they will aim for a close before June 30 as they would have completed much of the due
diligence in putting together their pitch for the appointment.
The package will comprise several levels of debt:
Government both State and Federal for infrastructure support;Glencore for working capital support on concentrate payment
terms as and then the final term debt facility.
It is worth going onto the webb pages of the advisers to check out their deal making credentials.
KGL has already spent plus $30 million and I expect it will sell some project equity to provide whatever is needed.
I remain very optimistic that this process will lead to a significant rerating of KGL.I just keep looking at the prospective
cash flow of plus $200 million a year.I expect they will not need to sell any more than 20 per cent of the project to get this
done.