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I think that may have been the post that wanted me to search for...

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Ninefingers

7 Posts.

25/03/19

14:59

Post #: 37875232
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Originally posted by dbriggs86: ↑

Hey Ninefingers,

I posted the below in a previous thread, this was another ASX listed company that went through KfW finance.

"When I looked at the Altech Chemicals Kfw bank funding from mandate 2nd December 2015 to completion 2nd February 2018. 2 year and 2 months.Then after that mezzanine finance. Its not the best timeline given they only had to raise 190 million. I'm hoping there is a lot more going on in the background to speed this up because based on that timeline its 2021 March for TNG before finance. The other concerning fact about Altech is how many times while waiting on finance they had to dilute to raise funds to keep the lights on. With TNG having very high executive compensation for a company that doesn't produce anything or make any money, I wonder how many times we would have to dilute if the timeline is in fact more like 2 years. Again similar to my initial post, impossible to know without information. "

Short answer is I have no idea, I just hope it's less time than Altech.

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I think that may have been the post that wanted me to search for more examples!

TNG Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
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