From my notes that I took, he mentioned that it takes between four to five months to proceed through the funding process.
The expansion to Stage 1A+ was announced on 6th May, plus, they've had the data room open for financiers since mid-2023!
What it sounded like to me was that they're going back to square 1. He talked about them speaking to 'new parties' as well as re-visiting previous potential financiers.
So we are at least another two quarters away from potentially securing funding.
Ann: Prospectus - Capital Raising, page-77
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