Originally posted by Box-33r
Also looking at realistic timeframes, I am thinking that given the refinery environment paperwork will need to get sorted out this year and I doubt financing could be finalised until this is fully sorted.
I think that it would take all of 2019 to get the environmental approvals for the refinery sorted, even though it should be easier that the actual mine.... seeing as though we have not even submitted the draft one yet I would thing all of 2019 to get it finalised is realistic.
Then PB talks about getting the financing update mid year from the major SMS bank. So you would think that that would take another 6 months after that of negotiations to finalise the financing packages with all the respective lenders.
So looking like that would take up all of 2019, then as PB stated they would be in a position to make a final decision on funding 1st quarter 2020.... looks quite doable and hopefully all goes to plan... Only real issue I see is the share price just drifting for most of 2019.... even with a few more offtake announcements, cant really see up going much past 15cents until semi-concrete financing news...
Even with all the drama with the new Indian / Singapore investors taking 10% of the company stake they must see some value as the shares at 10 cents as they will be wanting to make a tidy profit also.
Just a few thoughts I have been having. As I don't know if I should take my money and have a play somewhere else for 6-12 months while TNG is drifting if you know what I mean. As I have been in and out quite a lot over the years, just like a TNG financing package -- I cant commit
Hi, i was reviewing the EIS process regarding the Darwin Refinery and for the reasons you raised wondered about the timetable. Also there is the directive from NTEPA that the public consultation process be extended to a fwo month period.
Above is an exerpt from the AGM presentation. What seems clear from the exerpt together with other references is thst TNG, its cobsultants and the NTEPA are working through the EIS draft prior to formal filing and engaging the public process. Taking into account the designation of the proposed site, the needs of NT Govt, the absence of Native Title issues and the consultation process that appears to be going on in the background, i think the 6 to 9 month timeframe is doable and possibly cautious.
IIn saying that i would expect tge draft to be filed asap to enable the public consultation process to commence on the first permitted date under the statute. There is a prohibition on public exhibition during the statutory holiday period through to February from memory.
If the BoD are playing their "A" game iv got the EIS draft scheduled for filing January 2019.
