Hi 1958bulldozer
The quarterly says that management is seeking debt, rather than equity funding for the remaining 10% viz:
Management continues to work towards the appointment of a Mandated Lead Arranger(“MLA”) to lead a syndicated debt funding facility for the balance of Project capital required.Key conditions precedent for securing the debt funding are the award of the Mining Licenceand the release of the Manono BFS.
I understand it may be very difficult for AVZ to embark on further equity funding because (after CATH's 24%) AVZ will hold only 51% of the project.
Cheers
F
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