I mean in the end, the only important point is that the company won‘t end like Kalium Lakes; diluting existing shareholders by 50%. The past has shown that the management is capable of delivering milestones on time and on budget (except for the construction costs of the protection plant which were 10 million more expensive than planned; if I remember correctly). If this type of “bridge financing” is needed I am all for it.In the longer term, of course, this is not a solution. The question is which game Taurus is playing. Is the delay just caused by COVID or is there something else.
Something similar is currently happening with future SOP miner Danakali (ASX: DNK). The main financier has already invested A$128 million but simply doesn't transfer the rest of the complete payment of only A$ 28 million and thus delays the start of the mine construction.
