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If black rock can do it in south Africa then surely we can get...

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MaketheTrade

221 Posts.

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16/09/24

13:39

Post #: 75693359
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Originally posted by MaketheTrade: ↑

Graphite Mine

Black Rock Mining ASX.BKT
Black Rock signs Agreement with
The Development Bank of Southern Africa (DBSA);
The Industrial Development Corporation of South Africa (IDC); and
Tanzanian lender CRDB Bank (CRDB).
The Agreement provides US$179m in loan and bank guarantee facilities to fund the development of the Mahenge Graphite Project, comprising:
US$113m Construction Term Loan;
US$20m Revolving Credit Facility (working capital);
US$20m Cost Overrun Facility; and
US$26m Bank Guarantee Facility (rehabilitation bonding).
These facilities are in addition to the US$50m being provided by POSCO, comprising the recently approved US$40m equity investment in Black Rock and the US$10m prepayment facility.

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If black rock can do it in south Africa then surely we can get the same type of funding. How great $170+ million guaranteed in loans. Graphite is dead? I dont think so!!!!

hopefully we get imminent news flowing too!

EVG Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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If black rock can do it in south Africa then surely we can get...

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ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

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If black rock can do it in south Africa then surely we can get...

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Featured News