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clock Created with Sketch. 20/08/24
14:32
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Originally posted by awg801:
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My understanding is that (from memory) AKP has committed to buy $10m worth of devices from EM once they have proven they can deliver. Someone can correct/clarify that. They will need to raise that amount plus outstanding friendly loans plus whatever to get them to a comfortable operating level to see them through the rest of commercialisation journey.
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Yep it was $10m, I also have a figure in my head of around $50m for a cap raise, but can't remember if that was mentioned by someone on HC and/or whether it came from a question from an AGM? To me that'd be a good amount of money to provide some reassurances to AKP's customers.
(20min delay)