Thanks Thadius for taking time to respond. Apologies if my post seemed a bit sharp, especially towards you personally. Just find them a bit frustrating at the moment. I thought that would be the case with the $35m. Bit of buffer and funding to preliminary stuff on stage 2. However, all they have said publicly is to fund stage 1 including working capital. And rise from $20m was big.
I know funding difficult. That's what worries me a little. I did think $12m against equipment and property worth multiples of that and another $8m to fund working capital, basically ore ready to sell, was achievable. Getting up to $35m harder. I guess it will also be a better result when it is achieved. I did say to them at one point that its no use getting initial funding, paying fees and then having to refinance it shortly after. So I shouldn't complain that they're negotiating bigger facilities I guess.
Still, I do believe the funding side has not really been well managed. They were looking for temporary funding at one point I heard. I'm sure they could utilise cash right now to speed things along. Anyway, its probably all in hand. Just a little slower than expected which is certainly not unique to IFE.
Thanks for that contact. It is very reassuring to know they have someone answering queries again.
- Forums
- ASX - By Stock
- TYX
- mining in jan
mining in jan, page-25
Featured News
Add TYX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 107008 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5216736 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 107008 | 0.005 |
7 | 3349842 | 0.004 |
6 | 10666915 | 0.003 |
13 | 11010059 | 0.002 |
6 | 11588888 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5216736 | 8 |
0.006 | 8384167 | 7 |
0.007 | 1513900 | 4 |
0.008 | 5095206 | 10 |
0.009 | 985200 | 4 |
Last trade - 09.39am 10/09/2024 (20 minute delay) ? |
Featured News
TYX (ASX) Chart |
Day chart unavailable