"Good that WPL are pushing ahead - where is the money in FAR for the upcoming cash calls ? "
Cash calls don't start untill development is confirmed with FID ( FID cant happen untill financing is finalised) its only then that development spending starts.
As you would know if you read updates , the JV project financing talks began late last year and FAR's strategy beyond any involvement with that is the same as it's always been, fund the balance by whatever means avaliable and will exclude nothing but with minimum dilution being the main objective obviously....there is no other strategy if you plan to go to production and don't have enough cash...
You will only know the details after it's signed off .
Cheers Whisky
"Good that WPL are pushing ahead - where is the money in FAR for...
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47.5¢ |
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Mkt cap ! $43.89M | |||
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| No. | Vol. | Price($) |
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