@binwood
It’s a A$326 million debt and equity package.
The FS said we needed pre-production CapEx of US$185 million which is approx A$252 million. The last quarterly said we had $35.4 million in the bank.
Why the hell do we need A$361.4 million to deliver a A$252 million project?
That’s A$109.4 million over the stated requirement from the feasibilty. These jokers must have lost their calculators when they tripped over themselves in the rush for the cheap shares give away.Esh
Ann: Capital Raising Presentation December 2018, page-17
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