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!
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