From my understanding, funds raised so far from TAW/AMAL were mainly for the "newly-constructed assets and start-up operations". ASX just wants to see additional funding to cover ongoing operation during the initial phase of the project. As we're exposed to higher level of cash outflows due to pre-strip activities and repayment of the Burwill prepayment.
TAW Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held