Interesting NPV increase to $728M. Assuming they sell 20% at NPV, that's $145M. Plus Traf $100M and cash on hand $40M = $285M cash all up by Xmas. FID this quarter, I think will happened after this agreement is finalized and 20% sale is announced.
"carve out provided for Dev Mining Services Pty Ltd" means this part of the business is protected and they are also free to spin out if need be. Escape plan sorted!
The things mentioned in the podcast, the CEO did deliver so faith is renewed! "Round the corner" means exactly 17 sleeps!
Hope everyone got some under $2 cuz I did!
Ann: Woodlawn Funding and Valuation Update, page-33
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