So the potential total raised from the CR is gross $23.7m made up of:
- $16.2m from insto's
- $2m from retail
- $100k from management
- $5.4m from Curazon
The $19m cash balance at 30 Mar 24 includes the:
- $16.2m from insto's
- $4.3m option loan funding agreement
Overall, another gross $6.5m to be added to the cash balance this quarter but the $4.3m option loan funding agreement will also be repaid to the investors (this quarter or next) so effectively another gross $2.2m to the $19m cash balance to make it gross $21.2m. After all the costs of the CR fees, etc let's say ~$20m. AEE outflows last quarter were ~$6m, so that means AEE should be funded for the remainder of 2024.
The language around the FID seems slippage will occur as there is communication for FID to be 2024 but caveats giving AEE the option for FID in 2025. AEE and timelines don't go hand in hand, but I hope I'm wrong and FID is 2024
So the potential total raised from the CR is gross $23.7m made...
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