ADN 0.00% 0.7¢ andromeda metals limited

General comments/chat, page-26710

  1. 5,353 Posts.
    lightbulb Created with Sketch. 2084
    locking in funding would occur after the ML approval. My Guess is ML approval will come in November, We should be able to debt fund without to many issues I would of thought. It not a lot of money and is underpinned with offtake contracts.

    They have known for a while our capex is around 100M so any businessman with half a brain would already know what they can get debt funding wise hence in my view is why they only raised 45M from the last CR when indications where they could have raised more.

    As scarpa has said above, they just need to get to mining and stop dicking around.

    I would really like to know what the Chairman and TC are up to at the moment. They should be canvasing the big money investors hard so when the DFS and ML are done we can get solid LT investors on board.





 
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