Originally posted by 4profit
Isn't that more like AUD$235m based on US$1.5B expansion.
With the 11.3% of existing deal settled imminently, HIG is then debt-free and a profitable company, so has more options.
I expect that funding of expansion (which may take 3 years from decision to proceed) can readily be achieved by:
- partial forward sale of Cobalt to Cobalt23 (maybe this or a variation to get some $ up front)
- some retained profits over next 2 years
- some debt (debt does not need to be from or related to MCC any more unless advantageous to HIG)
- some equity ( I and others would be up for "heaps" (a technical term) at current sp or close
- some selldown of other assets (a maybe if price right)
No worries IMO.