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Ann: Managing Director Company Update, 121 Conference Cape Town, page-145

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abishai

767 Posts.

126

21/02/19

23:41

Post #: 37524161
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Originally posted by nlred: ↑

Just thinking about timing of FID/ finance and equity and whether we’ll need to cap raise again...?

16m in bank, est 4.5m in neg cash flow Q3 based on quarterly report.

Without too much science or visibility of planned outflows (assuming 3-4m/qu this year) we’re running low by end of year... and with a fair bit of risk in the schedule.

Want to hope some re rate this year so any equity raised is at premium or better yet, tied to project and not another measly 10m to keep the dream alive.

Looking at ATC, the order seems to be KFW debt, mezz debt, then equity. Even if we skip mezz debt (as 100% kfw debt component seems likely) are we not still
needing an advance by end of year to keep the lights on?

agm will be bloody. And yeh Ando, I know we’re supposed to be set until finance

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I've heard about how 'the AGM will be bloody' for the last 3 years. It won't be,too many fear change more than they fear being strung along.

TNG Price at posting: 10.0¢ Sentiment: None Disclosure: Held
5 Upvote

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