How about this:
Spin out the mine and the pastoral co. 20% is already sold. Sell another 25 - 29% (keeping a controlling interest inside ASM).
With $200 m from the government, some build own manage components and some debt the mine can probably be developed.
If not, or if you want some leeway, do a capital raise and/or take on a major partner inside ASM (probably the same one that took the position in the mining co). Again keeping control.
Now you have 2 businesses funded and controlled by ASM. You have major partners, who are probably also off take and manufacturing partners, and maybe providing some or all of the finance.
Just a thought, sitting by a lake with a whiskey in hand.
Looking forward to see what happens.
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50.0¢ | 51.0¢ | 49.5¢ | $59.41K | 119.2K |
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4 | 36550 | 0.490 |
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6 | 11269 | 0.480 |
3 | 8382 | 0.475 |
Price($) | Vol. | No. |
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