A couple of days ago I posted this extract from the AAM...

A couple of days ago I posted this extract from the AAM prospectus.

A funding requirement of approximately USD 380 million is currently estimated, which takes into account the estimated capital spend of Altech on Stage-1 and Stage-2construction. KfW IPEX-Bank has already committed USD 190 million senior debt to the 4N HPA Company under certain conditions, the most important condition being an equity or subordinated debt contribution of USD 223.6million from another financing source. Taking into consideration the amounts already contributed by Altech to the4N HPA Company thus far (which fall within the USD 223.6 million), which include the purchase of that HPA site and Stage-1 and Stage-2 construction contributions, a further USD 190 million of funding is currently required, of which USD 90 million it assumed as mezzanine finance via Macquarie Bank (currently under due diligence) and the balance of USD 100 million via the Issuer’s investment into the 4N HPA Company.

What if this statement included the Q4 stage 2 work already underway but not yet not paid for?
From the last quarterly:



The CR is for $7M, according to Endless Summer. Just a coincidence?
The calculation in the prospectus may 'out' by AUD7M and this CR used to bring the prospectus equation into balance.