"... transitions into full production at 200ktpa across FY24". So they are giving themselves another full 12 months to get to the long promised nameplate production. I find that pretty disappointing - remember, as late as oct2021 they were still promising full production by end CY2021. Their timeline to full production was 3 months, and now 19 months later, they are hinting it could be another 12 months. I have to admit this is shaking my bullish stance.
The new $3M unsecured convertible loan has a 8% coupon, which seems almost unbelievably low to me. That is less than 400 bps over the Aussie 2y. Does anyone know the relationship between WAK and Boneyard/Martin?
The Kwinana sale and leaseback also seems like a hell of a deal. Unless they've sold well below market, but I have no insight into that. Anyone?
"... transitions into full production at 200ktpa across FY24"....
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