With many ASX U companies raising cash over the last few months...

With many ASX U companies raising cash over the last few months you would have to say that BMN will likely follow. Reading the Cannaccord report this may happen soon as "Canaccord Genuity or one or more of its affiliated companies intend to seek or expect to receive compensation for InvestmentBanking services from Bannerman Energy Ltd in the next three months."
The report itself didn't have any information not already known IMO and is more of talking points, but some observations:
- The spot price used is very conservative with 2024 US$70lb, 2025 ~US$78lb, 2026 ~US$81lb
- Estimated ~$US$150m of debt drawdown during 2026
- No numbers on potential equity component of funding
- FID expected by mid-year

Estimated drawdown is nearly half the Etango CAPEX, but would've thought drawdown occurring during 2025 with production slated for 2026 (lets say late 2026/early 2027). With many projects using a 60/40 split of debt/equity maybe ~US$190m total debt
The FEED will surely be out before FID with clarification on the base case and going with XT or XP
A CR will likely follow FID but I do hope there is some form of pre-paid offtake contracts in the mix to reduce dilution. A ~US$127m CR, assuming AUD/USD of 0.68, gives ~AUD$186m AUD. The higher BMN goes the less shares of course
DYL recently raised AUD$220m for Tumas + the debt component is still outstanding for the remaining Tumas CAPEX which is ~US$90m more than BMN's CAPEX for Etango

I hope BM can get cracking by making 2024 the year of BMN
GLTASH