A lot of assumptions in the report will be incorrect
The numbers Bell Potter have used are excruciatingly CONSERVATIVE.
I am OK with that as I would rather have a conservative recommendation than for instance a $4-$5 target from another broker on LMB when they were around 50c.
Look at LMB today - 11c - how is that $4-5 recommendation going?
Project will be 100% financed by Finance partners.
Bell Potter are playing this one very conservatively with a 70-30% debt equity split.
Magnis should not require a raising for plant construction if past history is anything to go by.
All will be revealed in the coming weeks/months.
Matt
A lot of assumptions in the report will be incorrect The numbers...
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