Hi SN,
Might this be something the company looks at to fill the CAPEX/Working Capital gap?
$100m cash on hand + $17m General Lithium equity purchase + $? prepayments + 5% placement = $180m CAPEX + working capital?
That would mean the project stays 100% owned by PLS, the 2mpta plant is funded without debt, and there would be approximately 1.2-1.3B shares on issue.
IMO PLS could probably also fund the CAPEX/Working Capital gap via debt, so it'll be interesting to see which way management goes.
You'd hope any further capital raisings would be considered only after off-take and DFS announcements have been made.
Cheers!
Why the Short / What to Expect, page-3
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Last
$3.05 |
Change
-0.005(0.16%) |
Mkt cap ! $9.164B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.01 | $14.85M | 4.895M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 193465 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 219391 | 59 |
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| Last trade - 12.44pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |