I don't understand where all this talk of a capital raising for $35 mil has come from. My understanding was that we initially needed $100 mil to build the mine and bring in the road, electricity, relocation etc. We then had a capital raising from us share holders for $35 mil to pay for the long lead in items, road, electricity etc, which leaves $65 mil to be loaned for the mine. We now have that $60 mil loan, so I am not sure why we need this extra capital raising that some have made an issue of. All the funds are there and the show is on the road.
Ann: US$60M Okvau Facility and US$100M Acquisition Facility, page-89
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$3.85 |
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Mkt cap ! $2.529B | |||
| Open | High | Low | Value | Volume |
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