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Joolakker

88 Posts.

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17/09/19

12:37

Post #: 40450496
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Originally posted by BobbyKennedy: ↑

There are no rules around that they can and can't do with regards to funding one before the other but you'd think it would be prudent for the lender/partner to make sure they're funding a project or asset they own and control.

To be honest, I hadn't even considered this to be a reason for the funding but now you've got me thinking. If someone has lobbed an offer for a 50/50 debt equity package to get construction started, it would literally be the best possible news we could expect outside of a full change of control. But that's pipe dreams right now.... I think.

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Thanks, probably just pipe dreams! Probably just adding 2 + 2 and getting 7! I contacted the company last week and everything seemed very upbeat. Got detailed answers on everything I asked. Followed up with question on Bottle Creek ownership and vendor payment. That was met with complete silence. After seeing this morning's announcement I can't help thinking those things are related.

ARS Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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