If they were able to bring the Capex down below 1.7 billion, and secure finance from a commercial bank in Aus or another foreign bank they may have a decent chance of raising the remainder on market reasonably. Timeline is definitely stretching out and doesn't appear we will know much about solid terms of debt and amounts until nextyear. The NAIF total isnt there in this release...
Add in the 45m USD from GM..it may not be so bad. It's all dependent on the potential Capex savings as to how much dilution holders will suffer.
Anyone know if Ed Husic's NRF will be of much help to us? It's a bit new to be dishing money out so quickly. NAIF itself has a long runway of diligence and approvals.
Q2/Q3...sit and wait a while it seems.
Ann: TECH Project Feasibility Study (amended), page-4
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