$10m wont get the Laverton Project started. The restricted cash cannot be used. Last years thinking was to sell the Coolgardie centre, to raise cash and get some of the restricted cash back. It appears Coolgardie wont be sold off now. The 10m will get them to the end of year and the long awaited PFS.
A capital raising or debt raising will be required to get the Laverton Centre up and running. I suspect it will be the combination of the two. Shandong is a big company and has bank relationships and the balance sheet where FML may be able to leverage off.
Chart - FML, page-17
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15.0¢ |
Change
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Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $7.169K | 47.79K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 72753 | 14.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 14055 | 2 |
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| FML (ASX) Chart |