IMHO, great announcement!
For what it is worth, SMS Investments S A is a Luxembourg based investment arm of SMS Group incorporated in 2012 and which sits as No. 5 investor on the top 20 shareholder list (14m shares - 1-51% stake).
Secondly, the DFS states that there is an expected payback period of 3-4yrs (depends upon world product market at the time of course) so it may be reasonable to expect that capex will be debt funded and not equity and very likely to be German funding given the links.
Also, the DFS has a US/Aus $ exchange at 0.75 and a V2O5 price of $10/lb. Current numbers would make for an interesting IRR update.
My guess is that SMS Group are extremely advanced with the FEED given their possible investment strategy which maybe places this project closer to producer status than we may appreciate. Further, I don’t think the AGM nor the 249D action are forcing any hand, I suspect that there has been significant activity in the background that is only commencing to surface as a result of the TO agreement recently reached.
All extremely interesting and exciting and we can only wildly speculate if Malcolm Turnbull’s two mid year visits to Tennant Creek had anything to do with progressing the matter.
Regardless, there are a few planets aligning ATM.
Looking forward to the results of the 249D called GM and hopefully to maintain stability, an equitable path to the election of a suitable chair is found.
