Fakey, "Exergen, the Australian breakthrough clean coal technology company, has engaged RFC Ambrian as its corporate advisor as it seeks to secure $100m funding for the construction of a 50 tonnes per hour (tph) pre-commercial demonstration plant in Victoria, Australia.."
This is meant to be sorted by March....."..................
That doesn't mean that RFC Ambrian are guaranteed of being able to raise these funds, in fact as March creeps on i think it is probably more likely that we will probably be advised that Exergen have extended the time frame to RFC Ambrian in an endeavour to raise the required capital. Raising any funds at present is a nightmare for any developing company.
MNM Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held