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709 Posts.
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15/03/13
09:58
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Mjm23
They will announce that eig has completed due diligence and the deal will be formalised giving 300m + coal offtake agreement for another 200m.
This gives u all the capital to get to first production or phase 1...no rush for the JV partner...
Problem is they have always given the expectation that they would bag 1bn in funding in one go.....
The projects going ahead... Also prep for the the civil work on site has started- ground clearing / roads / site office etc
Good luck...
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