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
- mining in jan
Thanks Thadius for taking time to respond. Apologies if my post...
Featured News
Add TYX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.01M |
Open | High | Low | Value | Volume |
0.7¢ | 0.9¢ | 0.7¢ | $13.42K | 1.704M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3021076 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1452555 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2735362 | 0.007 |
7 | 2876332 | 0.006 |
7 | 7877095 | 0.005 |
5 | 1607500 | 0.004 |
2 | 910000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1452555 | 2 |
0.009 | 6497476 | 15 |
0.010 | 8429905 | 16 |
0.011 | 10604933 | 11 |
0.012 | 6414739 | 10 |
Last trade - 15.40pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
0.8¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
0.7¢ | 0.8¢ | 0.7¢ | 128507 | ||
Last updated 12.39pm 14/06/2024 ? |
Featured News
TYX (ASX) Chart |