The loan will absolutely not cover the cost of the project. There is no offtake in place, hence the level of gearing will be significantly reduced - I cannot see how they will achieve more than 40% for any of the projects as they are all merchant/ i.e. no guaranteed revenues to lever. The rest will have to be funded by equity and quasi debt via Slipform.
The loan will absolutely not cover the cost of the project....
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Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $29.24M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $15.13K | 757.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1258505 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 77196 | 1 |
View Market Depth
| Last trade - 15.59pm 29/11/2024 (20 minute delay) ? |
| EWC (ASX) Chart |
