Ann: BFS supports strong commercial case for developing Sconi, page-209

BFS has NAIF funding written all over it. .so much reference to benefit it will make to Qld businesses & it’s a no brainer it will get approved . 

Another box ticked off with BFS release and hopefully SKI exercise their options ASAP .

tomorrows AGM will be great opportunity to Suss the vibes and excitement . I am sure management team is excited and looking forward to finance deal finalised . bugger can’t attend .

so, funding will be SKI 80 million equity , NAIF ?? Let’s say $200 million debt .. 

they will need another $600 mn of which approx $400 may be debt ( most probs banks or SKi contacts )  and $200mn might be equity which may be raised by beginning of 2020.  

exciting times ahead and looking forward to the future ... & this is just the first project

cheers

tg