The biggest question is does their project have value?
I would answer yes given its low capital cost and low operating cost credentials, one of the lowest in Australia pumping out 100% ULV PCI. Brownfield expansion to reduce capital intensity.
Infrastructure to port sorted with WICET which is funded.
ANZ have stated debt funding of the expansion is feasible.
Large global congolomerates sitting on the register.
Accordingly if your own answer is yes then I think financing is going to sort itself out. Its why Im still holding (at a large loss).
Not a stock for the faint hearted obviously.
The biggest question is does their project have value?I would...
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