Taurus not risk averse. Simply expect approvals to complete. Not...

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28/11/20

13:59

Post #: 49209656
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Originally posted by sevo: ↑

Two consecutive TH's suggests a suspension is coming but I can't see Tony's ego letting that happen.
I reckon they will be frantic, talking to Argonaut, Cannacord, Euroz and Middlemas's mates at EQX. The bankers and brokers will be talking to their lawyers. Will they be so keen to underwrite this time around?

The contractors will surely be nervous if this goes into suspension over funding.

I'm still perplexed over the ability of KLL to achieve a financial close so early on. Taurus appear to be far more risk averse compared to NAIF/German Export credit.

Given the NAIF mandate has now shifted south, one has to wonder if the fast track approach with associated high interest debt, lender royalties, lender fees/equity and shareholder dilution was worthwhile.

The tortoise in this WA SOP race is looking better and better in comparison, but that's just my egotistical, psycho/sociopathic view.

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Taurus not risk averse. Simply expect approvals to complete. Not good business model to give $150m to someone who spends it on a build without a legal right to do so

SO4 Price at posting: 48.0¢ Sentiment: None Disclosure: Held
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Taurus not risk averse. Simply expect approvals to complete. Not...

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