Thanks Troffy, good info
I agree funding shouldn't be an issue.
However, I couldn't help noticing this comment below in the PFS, page 36.
The line that especially got my attention was "...finance will be sourced through a combination of equity and debt instruments from existing shareholders...".
Can't see the need for this with such strong cash flows so I'm curious why this is included, unless they're just listing possible choices.
If this is a realistic consideration then two things come to mind:
1. Its unlikely to occur prior to the Nov 20 options expiry
2. It would make sense to tie it into a share consolidation, say 1 for 10. This could include an option issue but no need because of the strong project cash flows.
Doesn't quite add up to me when debt financing should be readily available with the strong project cash flows.
No I haven't contacted ADN about this. Only spotted it today.
Thoughts anyone?
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- Ann: Pre-Feasibility Study Further Improves Poochera Economics
Ann: Pre-Feasibility Study Further Improves Poochera Economics, page-358
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