ORE 5.11% $6.13 orocobre limited

Can someone please enlighten me about the finance package. I...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 693 Posts.
    lightbulb Created with Sketch. 132

    Can someone please enlighten me about the finance package. I thought that the last capital raising was to pay for stage 2? Now it seems we need shareholder loans, a $180mm 7 year facility etc to pay for a $295mm project, when we have over $300mm in cash and positive cash flow.


    Am I missing something? Or, do the management want to keep a massive cash balance?

 
watchlist Created with Sketch. Add ORE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.