They must be reasonably confident of securing an amount of financing if John was commissioned to oversee and arrange the completion of the project . The announcement states they are are trying to replace the original loan but doesn't elaborate further on what amount is being sourced and the investment structure of the investors so we will have to wait for an announcement outlining the details of any such arrangements . with a seven monh timeframe to completion underpinned by funding and the surging popularity of rare earth and lithium stocks hopefully gulf can get some traction .
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- Ann: Appointment of Director & Appendix 3X
Ann: Appointment of Director & Appendix 3X, page-7
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