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yeah I thought is was me not reading properly indeed. I am glad...

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voncee

4,583 Posts.

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24/08/16

02:38

Post #: 18626895
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Originally posted by malmanu ↑

The project timeline estimates up to 18 months to secure permits and a further 18 months from then to achieve ignition of the first panel - 3 years away seems a bit excessive imo and any money is also a long time away into the future if funding is secured to start with . (US$10 million in two tranches o US$4 million when funding is secured for the project o US$6 million on performance criteria being met in accordance with the licence and services agreements)

The $10m Pacific Road Convertible Note Facility is to be repaid on 18 January 2017

Not sure how much cash is left but could only be a few million or less , are the Chinese going to be giving them any money before 18 January 2017 or is another raising on the cards to repay the notes. .

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yeah I thought is was me not reading properly indeed. I am glad we are on the same page.

CNX Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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