They are silent on how they are going to raise given in the Ann they refer to dfs total cost of us$200mm. But Ann only covers debt package of ”up to” us$140+say us$40(options and cash on hand). Leaves them short by at least 50mm assuming they keep drilling which is what they said in the Ann. Still the ann was silent on how to fund gap. Strategic investor? Cap raise? Guess we’ll find out
Ann: Tietto secures up to US$140M debt funding, page-21
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