Cane ,you say CCC have $15m cash on hand ,I want to see how you worked this out .
I personally think you havent worked it out yourself , instead taking information from flawed posts on hotcopper ,but not the updated post from Sen00.
Sen has since posted that CCC have $15nm +access to another $15m EDF ,then on top of that $10m con note .
Then there is the sale of Vanmag which will give them $10m .
I also thought there was another separate EDF loan ,but not sure about that one .
There will also be some cashflow from the 2 mines albeit small ,but helpful ,especially that we are in the sweet spot of high prices .
EDF have also made their position clear to support Conti ,and I dont expect this to change .
It has been complicated ,but I am absolutely certain that DT and PL have worked out their numbers ,and know exactly what they need to progress these projects .
Once the third mine is producing they will have good cashflow to progress mines further .
Down the track they will also reciecve circa $$40-$50m from the options exercise .
People talk about using diluted market cap to work things out ,but forget this major source of funding in the future .
This was also from Khaliqs earlier post...
"Sun in the AGM Don addressed the question
$70M will be funded through a mix of FCF/Debt funding/EDF offtake loans
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