Ann: Trading Halt, page-71

Yes it was monadelphous cheers. My point being they are requiring the extra cash - not just Gina's 20 million - say 30-40 million combined (that would have been part of the total finance package anyway) to advance everything for immediate construction readiness outside of initial 50 million site works.

Just a thought anyway and yes hysteria as we saw with that Dec SPP/CR top up which was to be sufficient to conclude financing and remains on track to do such. I just see they are after early contingency monies to have contractors and materials at the security gate awaiting entry on FID.
Contractors required from additional security, medical officer, Dry mess - Wet mess contractors - social area/pool and gym/gardens built etc - through to bus contractors - small onsite civil team/machinery - workshop persons/supplies/spares - more early construction works - a large workshop/stores and lay down area needs to be built and fenced - Hard stand for water trucks current and future - Diesel quick fill and underground tanks - larger accommodation facilities commencement - vehicles of various requirements - some current roads require sealing etc etc 30-40 million does not go far in remote places. The current monthly cost is quiet substantial - insurance etc ridiculous - sitting on care and maintenance basically - the list is very extensive and it all adds up - some required sooner some later.

Definitely the top 3 you mention in equity along with the other Insto that was there - has been all the way since Dec 22 large SPP. Is there product available or already designated to another offtaker providing equity? possible even if Siemens offtake - such will be demand as you state some offtakers will possibly be positioning themselves early for later supply increase on stage 2 delivery.
Other Insto's - super funds (ARF and as advised those aligned to renewables - environment).
It would not be out of the realms a large auto - US or EU perhaps. Hyundai/Kia certainly locked in substantial supply off takes early.
US Gov - DOD - now relying on one as they have backed Lynas in is not a great strategy. LAMP! Texas plant insufficient supply - MP mess! they'll likely fix in one way or another.