Hi Jenesaiquoi,
It was only at the recent AGM that the chairman said that they had two debt financing offers on the table ( circa $us50m) and that a modest equity raising would be required to suppliment total funds required( refer ASX ann 24/11 -Chairmans address).
Are you suggesting that effectively all the funds required will be raised by equity ( 15cps -$45m approx 300m shares) rather than the use of any project debt as mentioned by the chairman only last week?
thanks
information on trading halt, page-32
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