EGA price targets - $0.87 to $1.64 (18-30 months), page-4

My current opinion is that key project approvals are catalysts for achieving finance. I understand that financing gold mines is a comparatively easier proposition that financing lithium and graphite operations. There are more financing options available and perhaps more parties able (or willing) to provide financing.

This snippet was in the announcement on 27 November:


I don't imagine that any financiers will provide cash until the key approvals are in place.

As at the AGM an independent technical report relevant for financing was in preparation. Surely this has now been completed.

PCF Capital were appointed to lead the financing at the end of June 2018.

I understanding that financing typically takes 6-12 months. Would think they would be trying to resolve it before the March Quarterly is issued end of April. This would put them about 6 months behind the development schedule in the PFS.


Surely they can turn the tap off on significant spending until financing is resolved?