ERL empire resources limited
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Have been in touch with ERL via e-mail, apparently the jv...

  1. bungy235
    101 Posts.
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    12/06/16
    11:57
    Post #: 18016427
    Have been in touch with ERL via e-mail, apparently the jv partners are considering debt financing to fund part of the projects cost. Total upfront capital cost will be around $5m (probably a bit less). I would assume debt funding will be around $2m.

    Leaves a balance of $3m, Erl's share is $1.8m to be funded by (I presume) a rights issue/placement- extremely promising for shareholders.

    I would expect progress around late July (IMO)
    ERL Price at posting: 1.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.6¢ 		Change
0.000(0.00%) 		Mkt cap ! $8.903M
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Last trade - 09.59am 16/09/2025 (20 minute delay) ?
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