Good observations. With regards to raising capital for the API project hows this for a scenario which has been mentioned in previous announcements but ignored by the market.
AQA require 3Billion to fund its 50% share of the infrastructure required. However it has been mentioned more than once that they are intending to enter into an arrangement which sees ownership shared between
AQA 40% Baosteel 20% Posco 20% and AMCI 20% which means AQA only requires to fund 40% of 6 Billion which is 2.4 Billion they presently have cash of ~100mill with asset sales totalling another 1billion in the pipeline. these include Isaac plains 430m, Belvedere 250m and Washpool 300m, not to mention potential of another 150m from Sumitomo corp for coal assets in Queensland.
I believe once AQA are given the proponency for the Anketell Port stage 1, funding will be a no brainer.
AQA Price at posting:
$2.78 Sentiment: Buy Disclosure: Held
