Based on the last quarterly they had already drawn down A$60M of the working cap facility with the additional A$40M requiring them to meet profitability hurdle. Given the low recovery this is again this quarter it is unclear whether it will be reached.
Also if they do the cap raising they may decide that they want to pay back some of the working cap facility to reduce the potential exposure hence the cap raising may be larger than just the CAPEX costs of expansion.
- Forums
- ASX - By Stock
- NCZ
- Ann: IN SITU EXPANSION STUDY DELIVERS STRONG VALUE ADD POTENTIAL
Ann: IN SITU EXPANSION STUDY DELIVERS STRONG VALUE ADD POTENTIAL, page-10
-
- There are more pages in this discussion • 92 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NCZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online