thats right. !
the small dilution, but it unlocks huge value add.
I just look at price catylsts.
Of course a CR resulted in a sell off. But its underwritten, so the coffers are boosted in any event.
OK, so what follows?
Take a bet. Will Tianshengda and Haida say "lock it in eddie".
ANd the next domino.
Take a bet. Finance.
"The EPC tender process is scheduled to close on 31 March 2018 and Sinosteel and MCC have both confirmed their intention to submit tenders. Technical discussions with both parties confirmed the site location and project design is straightforward and discussions also focussed on opportunities to lower capital cost through leveraging procurement relationships. It is anticipated the award of that tender would be announced in April 2018 to allow the successful contractor to commence work in May 2018.
The potential EPC contractors also coordinated discussions between Triton and leading Chinese financial institutions who reaffirmed the potential for debt financing of up to 85% of the EPC contract sum on competitive terms representing a significant discount to more traditional sources of debt financing. Further, both Sinosteel and MCC have proposed options to defer part of the EPC contract amount for a period of up to 3 years that would reduce the level of upfront financing required in 2018.
In addition, the commercialisation of the Nicanda Hill Graphite and Vanadium Project may provide the opportunity for non-dilutive funding for Ancuabe"
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