Interesting repercussion for the Australia Dollar getting beaten down today... Toho, through the chaos, has saved themselves 22.3% on the remaining $60M AUD payments based on exchange rate changes from the time of the original announcement.
If they are in-fact assisting with debt-financing now would be the opportune time for them to lean-on those lenders to get the paperwork fast-tracked.
Also, the recent strength of the Aussie Dollar (or lack there-of) also has some additional benefits for the firm such as availability of $6M + $6M USD from IXM to be utilised during the Project Construction phase, now valued at $21.2M AUD compared with $17.4M in Oct-2019.
It might be an opportune time for Alex to request the first $6M to push ahead with other opportunities for the Co.
G1A - Chart, page-125
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