Funding was discussed and the term 'club funding' was expressed, meaning funding from multiple parties. Their focus is on debt funding however they did say it will not all come from debt. The whole funding package is not coming from one funder, so the tricky part of the 'club funding' is that while they may have clear funding paths to the first $X million they are still piecing together the next $X million as the first funding provider needs to see the second funding portion in place to secure the progression of the project. Shareholder participation in a funding arrangement was talked about but OZNT eluded that for that to happen full funding status would need to be confirmed as a result of investment to ensure shareholder investment was derisked.
With multiple funding parties involved, discussion of terms is also complicated as no one wants to get 'shafted' on terms so back and forth discussions have to take place.
Production target of first of 2020 was stated by the company and they said from funding to production was a 12 month timeline, which makes me feel something is in the pipeline to have funding progress in place halfway through this year. IMO
