It truly is, mate.
Personally, I was expecting the bond issuer to demand almost double the equity that Cyprium will be raising this time. I am stoked with the small size of the minimum funds required to finalise the bond. The wait was worth it IMO. Think about this in terms of the entire funding package.
A$20m (equity)/A$196m (secured bond) + A$49m (secured off-take) = A$265m.
7.5% equity/92.5% debt.
Yes, folks. This junior minnow capped at circa A$100m is about to raise 2-3 times its MC and with the majority via debt.
Almost unheard of at this end of the market.
We are most definitely going mining. Plating copper cathode in WA, Australia around the end of Q1 2024. A little over 12 months from now. Just as Baz promised.
Extraordinary effort by Baz and Co.
Shame on all those punters spreading utter excrement re: VA, etc. And heaping vitriol on Baz and Co.
And congrats to all holders for sticking fat with patience and never losing sight of the forest for the trees.
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