Hi kwehrend,
We know that as a result of the recently released DFS, the updated capital requirement to bring Lumwana to production is us$550.4 million. This amount incls. the mining fleet and contingencies.
Capital arranged to date totals us$355 mil., in the form of senior & subordinated debt. The newly announced equity raising will contribute a further us$109 mil. to be followed by a separate finance facility of us$96 mil. for the mining fleet. Together, these arrangements will produce a total of us$560 mil. and will satisfy all the pre-production requirements.
So it seems we will finish up with an 80/20 mix of debt to equity. I don't consider this overly dilutional in the context of what they are trying to achieve.
Cheers ... WJ
Hi kwehrend,We know that as a result of the recently released...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EQN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.72M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 25.5¢ | 24.0¢ | $47.04K | 192.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2600 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 11.25am 11/09/2024 (20 minute delay) ? |
| EQN (ASX) Chart |