McMahon (MAH) have demonstrated during the initial ramp-up phase that they are willing to extend the payment terms of CAI's payables.
Given MAH own 8% of CAI, (I think) they would be more than amenable to an extension if it means avoiding a dilution of their shareholding or administration.
My calculations suggest CAI will be burning through $10M in Q3 and $2M in Q4 and they have $10M in cash and cash equivalents.
Expect either a capital raise, project refinancing or extension of payment terms or a combination of two or more.
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