TON

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0.9¢ triton minerals ltd

Ann: Trading Halt, page-21

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david

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24/08/18

14:12

Post #: 35160029
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Originally posted by gimmegimme ↑

That's not quite right David.

The Chinese bank referred by the engineering firm will fund 85% of only the EPC contract.

But there will be capex in addition to the EPC contract.

The numbers will stack up something like this:

EPC contract total $55 million of which the Chinese bank will fund approx $47 million, thus requiring about $8 million debt and/or equity funding from TON.

Non-EPC capex will be roughly $22 million which will also require either debt and/or equity funding from TON.

TOTAL CAPEX: $77 million

REQUIRED DEBT AND/OR EQUITY FUNDING FROM TON: $8 million + $22 million = $30 million.

In addition we need cash to keep the company running and the doors open and that's probably what the strategic placement will achieve. It's a necessary and unavoidable raising that will be yet another box ticked. Well done PC.

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Cheers gimme. That’s a nice clear way to put it.

Didn’t realise our needs were still so great.

I think you’re right re the cap raise being for usual business needs. Nothing earth shattering yet.

TON Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $14.11M

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