Pg 8: "In relation to procuring binding financing commitments, in return for WMM allowing MYL to vest its equity in the project immediately, the Company has now committed to procuring binding finance commitments within 3 years which may require spending of up to US$14M on project early works.
The partners plan to commence early construction works as quickly as possible following grant of the MIC permit, funded through equity contributions."
MYL Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held