They seem a bit confused about the numbers and types of drills they are using, I'll assume (and hope it was a finance numpty) that couldn't get that correct.
It would be good to understand why they raised so much money when they are going to get OEM financing for the mining fleet?
Additionally, WAF is in advanced discussions with financiers for equipment financing and it is expected that a significant portion of the capital cost of the new mining equipment being purchased for the owner-mining strategy will be funded with secured equipment debt financing with tenors ranging from 4 to 5 years.
They must have a very good procurement team to land a Cat 785D in Burkina for $US1.99m.
Ann: Kiaka Owner Mining FS Update & Capital Raising Presentation, page-23
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Last
$2.22 |
Change
0.040(1.83%) |
Mkt cap ! $2.524B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.25 | $2.18 | $3.556M | 1.606M |
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| No. | Vol. | Price($) |
|---|---|---|
| 42 | 58102 | $2.21 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 29102 | 39 |
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