There has been alot of discussion on the AXO thread regarding...

There has been alot of discussion on the AXO thread regarding project funding and will AXO be successful in raising the anticipated $600M or so.

I emailed Mick Sillcock a few weeks ago and asked him this.

Finally, the big question mark I have and I guess many other investors are uncertain about? How is AXO looking to fund this plant construction (from memory $609M). Will you look to raise this through a cap raising exercise, or will you explore other avenues such as approaching larger investors such as Macquarie bank? I look forward to hearing from you soon.


This was his response

The balance of the project financing will be a mix of equity (company not project) and debt. We do not wish to dilute shareholders too much, but do want to give them an opportunity to invest. We have been talking to a number of financial institutions-many who have approached us unsolicited and we already have some of the world’s more well known institutions (through nominee companies) on our register that would dwarf Macquarie, but that said, we are very pleased to have Macquarie on board.

I am about to email him again to see if he can clarify a few other things for me. What other concerns/queries does anyone else have that you would like me to ask him?

Anyway, I think this thread could bring out some interesting stuff, given this is the hot topic for AXO at the moment.

Cheers
Kevi