What I was suggesting is they may use cash on hand to fund blue spec payment, and bring macq funding on a little sooner to fund the construction (rather than fund early construction from cash). Just a thought. I’m sure they will juggle cash flow prudently either way.
ps: I’d be seriously bummed (and surprised) to see a CR at 51c at any point, I’d like to see the raise at 65c min hopefully 70c+
Ann: CALIDUS SECURES $110 MILLION DEBT FINANCING FOR WARRAWOONA, page-51
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