i can't see getting $4.8m in 12 months and $6.8m in 3 years (the double dip options expire on 30/4/27) being vital to company success or survival.
It would be handy, but in reality the only options that would help is the $4.8m in the next year. the conversion price 3.5c. the price the sp was before the raise was announced.
this is one of the announcements from the budget last night
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I expect that the $6.4m already raised is to help with a 1 to 1 grant from one of these gov't agencies.
in the feb presentation the company presented this to us
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if only a couple more than anteoX facility being completed and 1 CET grant funding are achieved where will our sp be late this year? just as a figure I'll say 30c. (maybe none will and we'll be at 1c, but all the option conversion would do then is prolong a struggling company ) instead do a raise of 270m shares at 20c and raise over $50m. just a possibility.
or with arena from above. I've posted a bit about them in the non dilutionary funding thread. most of the 1-1 grant funding is for start up tech as a safe guard for the gov't agency of the grantee of being financially able of hitting their milestones. as companies grow, grant total increase with less conditions
I've spoken of vast solar, where Katherine is a director, interesting fact as well, she was a director of ARENA for 2 years.( be handy to know how applications are successful) they initially got a small grant and last year
13th February 2023
Vast Solar has welcomed the Minister for Climate Change and Energy’s and the Australian Renewable Energy Agency’s (ARENA) announcement that it has approved funding of $65 million for VS1, Vast Solar’s 30MW/ 288MWh reference plant in Port Augusta, South Australia. The funding is another step forward for the project, which will create hundreds of jobs and be the catalyst for an Australian concentrated solar thermal power (CSP) industry.
not bad !!!
https://www.vast.energy/news/vast-s...usta-to-receive-65-million-funding-from-arena
there are funding deals like this, gov't loans etc etc. if Anteotech can keep ticking off achievements in the next 7 months as they have presented a few months ago. funding options will be available in many different forms IMO
relying on $4.8m from an option conversion at 3.5c (bloody hell 3.5c ) won't be a company maker or breaker. the next 6 months will be and we are now funded for that period
all just IMO, DYOR, GLTAH
(20min delay)