Good question mate. The way SYR did it the first time was announce the Tesla off-take on 23/12/2021, the FID and the CR on 07/02/2022 then the loan on the 19/04/2022. 6 weeks after the CR closed so it didn't unduly influence the CR and SYR had to have their funding in place before they received conditional approval for the loan.
But the 2nd time can be different because SYR has a history. They already have the 11.25kt in place as collateral to secure the loan and the DOE know SYR will go ahead with the build lowering the risk profile. Also the new build is only duplicating 3 more modules of what they just built. They now have the technical know how further reducing the risk.
I'll will be interesting to see what happens and which way they proceed. Not to mention the US's new urgency for rapid expansion.
Good question mate. The way SYR did it the first time was...
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $407.5M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 47.5¢ | $556.4K | 1.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 147002 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
Change
-0.010 ( 1.84 %) |
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| Open | High | Low | Volume | ||
| 48.5¢ | 48.5¢ | 47.5¢ | 343339 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| SYR (ASX) Chart |