although all of us longer term holders knew there was good news brewing and a catalyst for a rerate coming, we thought it would be an offtake and financing/ equity deal with a big auto player eg bmw/ vw etc.
this is so much better than what we expected because we are not selling any of our core resource for the 40year mine, we get aud 370million which will just about fund sdv in conjunction with existing cash and mt caittlan future cashflows.
this not only means we can expedite sdv (which i keep saying is a time critical venture to beat the rush), but we will almost certainly avoid any meaningful equity dilution and we are in a very strong negotiating position for whatever further offtake and financing deals are yet to come.
i have forgotten so apologies if mentioned recently but what is the latest feasibility study estimation of the full development cost of sdv again?
anyway i see this should really push sdv up at least to 4.00 over next few months but then the market is a strange beast so who knows?
GXY Price at posting:
$3.42 Sentiment: Buy Disclosure: Held
