After evaluating the company's proposed facility in Kwinana, the Australian government agency Export Finance Australia has confirmed that, subject to the detailed evaluation of the project, it plans to provide loan finance for the new $ 72 million development.A detailed funding model has been developed for the funding process for Kwinana, which includes proposed terms for a $ 35 million loan financing package and accounts for approximately 50% of the total construction cost.
Both companies plan to build the plants on Kwinana and the CEOs of FYI and EGR are no strangers to each other.
The difference: Roly doesn't come empty-handed.(80 million)
FYI Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
