http://www.proactiveinvestors.com.au/companies/news/46287/blackthorn-resources-updates-perkoa-zinc-project-progress-46287.html
Hi All,
I know that this is old news but I feel that it is important in the context of BTR.
"The Project will require additional working capital of about US$30 million (Blackthorn US$9 million)"
The first shipment of zinc from Perkoa was meant to be scheduled in early September but this has been pushed back to Q4. I read an article in January which said that the delivery was meant to be in Q2.So now we have the deliveries pushed back several months from Q2 to Q4.
I personally find this quite concerning and I wonder how the funding arrangements will go for BTR.
Does anyone have any comments in regards to this. I know I will breathe a HUGE sign of relief when the first shipment is finally completed and a success with more export shipments to follow.
Will a rerate of the share price take place ??
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