Or the ASX could just read the section 8.8.2 note.
There is an agreed "capital raise" by issuing US$5m of shares to MIIF. There's another US$2m owed by Piedmont to Atlantic
While Atlantic haven't noted it in section 8.8.2, they have commenced a process to sell their half of the offtake and expect the process to take 7 months and expect to receive substantial cash from this. Atlantic have internally decided to cap the offtake offered at 500kt total. To get an idea of what sort of monies this offtake may realise as loans/prepayments, when LTR did its offtake with Ford (29/6/2022) they received a loan facility of A$300m for a 150kt pa for 5-year offtake (750kt total). If a pro-rata scaling of that deal were to occur for Atlantic they would get an A$200m loan facility.
A11 Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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