I read in one of the articles after the EIB announcement that on top of the 1,4b to finance the project Vulcan is also trying to secure a 400m credit facility (can't find which one was). This would be used to pay the wages and working capital during construction and ramp up. I would think equity will be needed to top up the project equity and keep the 35:65. I am not sure where you get the 40% dilution, unless you are counting all capital raises
I read in one of the articles after the EIB announcement that on...
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Last
$3.61 |
Change
-0.150(3.99%) |
Mkt cap ! $679.3M | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.79 | $3.58 | $1.026M | 281.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1848 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 2500 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| VUL (ASX) Chart |