CXX 0.00% 6.6¢ cradle resources limited

New Coverage..."tantalising", page-5

  1. 10,867 Posts.
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    they will have to raise something when the DTM and funding question comes along. Very few banks will fully fund a project on debt, they want the company to fund its activities (owners costs, admin, etc) and they fund the actual project (infrastructure, plant, equipment etc).

    So yes, there will be a raise but as per their announcement at the last raise, that won't be until decision to mine. And I doubt it will be 30%.
 
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Currently unlisted public company.

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