"The Company previously rejected funding base on providing off take of product being mindful of the need for economic value to be ascribed to the project and the dilutive effect on shareholders at that time. The Company can now engage in discussions with potential off-takers for advanced funding based on securing long term off-take for product given the project economics"
So they rejected funding previously because of the "dilutive effect on shareholders at that time". And now can discuss about the potential offtake because of the SS (and FFS coming up).
The next 12 month is going to be an interesting time I'd say.
AVZ Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
