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clock Created with Sketch. 12/11/22
16:32
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Originally posted by glendronach:
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They are working hard on funding - working thru the many options. They are very aware of dilution with CR a last resort. Looks likely a mix of debt and maybe hybrid funding which includes an equity component coupled with mix of fixed and variable rates. Its all about finding the most appropriate terms. Very hopeful on HRM thru that global agency they have been negotiating with. It was explained at length the hoops to jump thru to lock in BOA. They continue to engage for more BOAs. increase in the cost of capital
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Well timed update “ glendronach”. and much appreciated ..think that cost of capital will be a major but manageable issue .. The finance landscape is a lot tougher now then when they first set those milestones way back..add escalating operational costs in there and a plethora of other mining hopefuls all searching for startup funds . Thankfully the projected product margins can well and truly cover the servicing costs of any debt even without a buy in partner.
(20min delay)