Sale proceeds will primarily be used settle trade creditors, which remain the responsibility of WFE, WFE retains rights to certain inventory on hand at the date of signing, existing hedges and debtors and is responsible for costs incurred up until completion, certain of which will be reimbursed by Newcam post completion. The final reconciliation of funds to be generated from those items is to occur once provisionally priced shipments are finalised, hedges settled and costs compared to sales proceeds over the period to completion are known, with a current estimated range of $1.5-3m net inflow to CuFe.
My bad, the net inflow is 1.5m at low end, so totally 5.5m
CUF Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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