ARU 3.03% 17.0¢ arafura rare earths ltd

Read the table presented on page 8 (sources and uses of funds)...

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    Read the table presented on page 8 (sources and uses of funds) in the debt financing Ann. It shows the 4 layers of redundancy in finance package. Quiet considerable amount and I suggested this can provide flexibility in not utilizing all the debt and if achieving this redundancy then management would surely be considering such. A whopping reduction of possible USD527 million in total - even if only the latter USD 360 million can be achieved - I believe they are considering a wait and see approach particularly on that US360 million - yes it is there if they need it however the project delivery - market dynamics/sp could be highly favorable in say 3+ years - time will tell but they have certainly targeted to make elements of the funding package redundant.

    The same table also states USD 1.226 billion (or close to I don't have it in front of me) in capital costs (CAPEX) - this equates to the AUD 1.86 billion plus 2 other contingencies - one was financing costs and other was some operational liquidity - both combined quiet substantial - around USD160 combined if I recall - it's all there on the table page 8.





 
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