In September last year it was Crusoe who were about to write cheques to finance the pre-feed .NOTHING!
No, it was that as part of the MOU Crusoe would contribute non-dilutive funding of up to $16m in project security funding (FEED related costs as I understand it).
The timing of the project security funding is expected to be part of the PDA for each Crusoe related project, eg Alsike, Myers and Crossfield.
Whether we get to know the details of the PDA in respect of the timing is dependent on the terms, most likely they will be commercial in confidence, hence we won't know until received.
KPO Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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