Canacord's take on the EIB's "under appraisal" funding and how it fits in with what else looks lined up, and what's left to find...
The €500m of debt funding announced today accompanies an existing A$200m (~€120m)of debt funding indication from Export Finance Australia (see note) and provides ~50% of the €1,399m funding requirement for the ZCLP, on an indicative basis. If Nobian elects to form a JV with VUL for the Central Lithium Plant (50% capital contribution of €179m see note), and with the German Government signalling that it may contribute 40% of geothermal costs (CGe €272m), it leaves a €328m funding gap before any sell-down of the project (excl. €78.6m in cash). The company continues to sound out strategic investors for equity funding, targeting indicative offers in the first half of 2024. If VUL is able to achieve a sell-down, with capital commitment, we believe a manageable funding gap could be delivered.
Yes, CAPEX is a big number, but already the ducks are lining up well.
Read the rest here... and acknowledgements to anyone who previously posted this
CG_23.02_24.pdf (v-er.eu)
- Forums
- ASX - By Stock
- VUL megathread
Canacord's take on the EIB's "under appraisal" funding and how...
-
- There are more pages in this discussion • 519 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VUL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.44 |
Change
-0.030(0.67%) |
Mkt cap ! $835.5M |
Open | High | Low | Value | Volume |
$4.50 | $4.65 | $4.41 | $1.422M | 314.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 173 | $4.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.47 | 956 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 173 | 4.440 |
1 | 3500 | 4.420 |
1 | 3364 | 4.350 |
1 | 1730 | 4.340 |
1 | 5000 | 4.300 |
Price($) | Vol. | No. |
---|---|---|
4.470 | 891 | 1 |
4.550 | 1000 | 1 |
4.590 | 2500 | 1 |
4.640 | 1069 | 1 |
4.650 | 500 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
VUL (ASX) Chart |