According to the feasibilty they don’t need all this money. Still have A$35.4 million in the bank at Sept. US$200 million debt covers the US$185 million pre-production capex plus contingencies.
All this extra money only makes us a bigger takeover target as it will go straight into the acquire’s balance sheet plus a project they get to steal because the board has let the register balloon out in the great and unnecessary share give away of 2018.
Absolutely atrocious effort here. All these guys are pretty much the same IMO. Smiling assassins that can’t be trusted to look after shareholders interests.
No explaination for why we need A$109.4 million more than the previously stated CapEx???? Esh
Ann: Capital Raising Presentation December 2018, page-24
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