Firering Strategic Minerals: From explorer to producer. Watch the video here.
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as to how the enlarged group will be funded - presumably the two existing parts will finance themselves but how will the Lithium exploration and deals work, how will these be funded and how does that for in with the consolidation - presumably this will be made clear to us in time but not clear to me at the moment.
Atb,
Northern
Consolidation then placings...
Stop it Brasso3 , no need for a placing we are profitable and starting to build cash reserves.
"turnover projected for 2022 at over US$40 million and significant current operating profits, material exploration opportunities as well as the 28% investment interest in ATOME."
"Whilst it is intended that GH will initially be seeded by President in each of its businesses, subsequent material funding will be determined by the specific needs and characteristics of the relevant business. GH will consider in each SPV the various monetization possibilities of the equivalent of farm out, joint venturing, venture capital / private equity funding or IPO. This will provide flexibility to GH to both mobilise and/or release capital in due course. The structure will also facilitate the ability of the Group to divest itself of any appropriate component parts to the benefit of President shareholders."
If PPC is profitable why has total debt increased to $33m?
You know why , all the drilling these last two years during Covid.
They raised $9m in 2021 and $4m in 2022 through bonds. The 3 well drilling programme in Argentina was supposed to cost $10.5m. It does not add up I am afraid. So where is all the cashflow from 2021 FY and 2022 H1?
You know why , the gas well's were a disaster 2020/21. Time to move on, you will have to let go at some point.
So they generated $34m in revenue in 2021 but still needed an additional $13m in debt to cover CAPEX.
Ntm
A paragraph from the latest rns.
'GH will consider in each SPV the various monetization possibilities of the equivalent of farm out, joint venturing, venture capital / private equity funding or IPO'
Regards
Dill