That's exactly as our CEO conveyed our financial position, Peter. Thanks for transcribing those words verbatim.
In summary, EGR only needs to borrow US$40 million in the form of a conditional loan which the Aust govt has granted us for the expansion of our downstream PSG plant in Kwinana. We have AU$50 in cash already in the bank to commence construrction as soon as the local govt of Kwinana/Rockingham give us approval to proceed which is only a matter of weeks away.
There will be surplus funds from the initial Cap Raise of last year to fill the gap of US$10 needed to complete the projected cost of the expansion to the plant's output to 20,000 tpa (not to mention that by time will have revenue coming in via Stage 1 production). So, essentially our complete downstream operation is fully funded with a comparatively small govt loan factored into the equation. Some companies are having to contemplate loans in the vicinity of US$185 million plus CR far higher then EGR which also has the SOI of a quarter. Go figure.
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11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.94M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $35.04K | 314.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 83158 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.5¢ | 263476 | 6 |
View Market Depth
No. | Vol. | Price($) |
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5 | 54122 | 0.110 |
3 | 57036 | 0.105 |
2 | 7901 | 0.100 |
1 | 10536 | 0.095 |
1 | 8335 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 440 | 1 |
0.110 | 642 | 1 |
0.115 | 263476 | 6 |
0.120 | 57840 | 4 |
0.125 | 160633 | 2 |
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