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5.56%

1.9¢ battery minerals limited

Timeframe is tight. Way I read it is expect something early Q2....

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Oxytorus

351 Posts.

64

20/02/19

09:56

Post #: 37495470
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Originally posted by wombat777: ↑

Draft term sheets are a start for negotiations. They need to start somewhere. Remember that terms will be informed by due diligence process by the financiers as well as site visits. Quite sure that the board is acutely aware of what bought them unstuck last year. New capital advisors ( which they didn’t use for the RCF deal ) should be providing them with the right advice.

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Timeframe is tight. Way I read it is expect something early Q2. At current cash burn it's all gone by June 30.

Last edited by Oxytorus: 20/02/19

BAT Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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