well everyone assuming again - there may not have been anything in the DD that was of concern - may just have been that banks are requesting so much more by way of paperwork etc and that will no doubt create delays in the funding whereas we now have a funding partner happy to oblige in fairly quick time but the offset is the interest rate (which i personally do not see as an issue under the circumstances). so money comes quicker, plant developed in quick time, offtakes in play, money rolls in, and a more positive outlook for the NYC plan - so again wheres the issue?.
if they played ball with banks may have got it a couple % lower but the paperwork and time delays would not have been worth it.
personally am more than happy with this given that funds basically on tap and will not stall NY development/progress.
so the terms "fully funded", "fast track" = production sooner, sales sooner, gigantic returns sooner, in a position to develop Nachu sooner so all is looking good.
all imo
- Forums
- ASX - By Stock
- MNS
- Ann: US$85 Million Received in Funding for New York Battery Plant
Ann: US$85 Million Received in Funding for New York Battery Plant, page-94
-
- There are more pages in this discussion • 164 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MNS (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MNS (ASX) Chart |
Day chart unavailable