Pretty positive after today.
Legals almost all wrapped up which is nice even though was not meant to be material.
The big winner though is we finally have some details on funding. Targeting 50% debt funding and 50% equity. But it looks like part of the equity component will be funded by offtake agreements (how much of the US$53m has already been spent on all the pre-work?). We might be talking as little as US$15m to be raised via CR/SPP/Rights Issues.
The lead on from that is that the company is obviously well aware of following
@mineralised strategy of sending product to local SX-EW plants. If we can announce offtakes with prepayments and debt funding packages prior to completing the equity component we might even get to raise at a reasonable price.
Would be nice if we could wrap the majority of this up by the end of the year. Spend 2019 constructing and start producing early 2020.
