Out at 39.5 cents ... will watch closely from the sidelines ... not 100% over the moon with a couple of things in the announcements this morning ..... especially if the $25m USD pre payment doesn't go through (needs consent of the senior secured bond holders - I am guessing they won't say No, but they could) and then we will need a larger CR than the one I anticipate will happen anyway ?
Under the revised offtake terms, the JV will also provide Pilbara Minerals with a second ranking secured US$25 million prepayment which will be used to partly fund the Stage 2 expansion of the Pilgangoora Project. The prepayment will be conditional on the consent of senior secured bond holders.
DYOR and GLTAH
Out at 39.5 cents ... will watch closely from the sidelines ......
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