So from the quarterly we are in “advanced negotiations” with a
- number of parties for cobalt offtake
- associated debt funding
- and “equity participation” from a cornerstone investor
The above signals from further comments in the quarterly that due to the above negotiations “the capital raising (if any) and capital structure changes mean the plan has changed big time...I expect NO capital raise for the ASX relist as looking likely “cornerstone” investor and offtake partner want EQUiTY STAKE...that’s a big tick for the quality of the ore supply agreements....WONDER who the cornerstone is?? And the amount??
Further, looks like we are likely to access more ore supply from existing outsource suppliers...offtake negotiations may have solidified the quality of the feed...does this mean profitable terms??
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