There appears to be a lot at play. Until we see the specifics of the re-negotiated plant/equipment with China, we cannot be clear as to how much they need. Once that is finalised I am sure it will get released to the market and then we can more closely scrutinise the figures and what (if any) they will require of Magna.
Overall, this is a real win for NSL. The Magna facility is expensive so to minimise the need for it will really boost the company's freedom, removing "debt-handcuffs".
Hopefully Cedric is on the first plane to China and we hear more about the timeline to Phase 2 in due course.
- Forums
- ASX - By Stock
- ELE
- Ann: Significantly Oversubscribed Placement Commitments $3.2m
Ann: Significantly Oversubscribed Placement Commitments $3.2m, page-40
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ELE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ELE (ASX) Chart |
Day chart unavailable