Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
People on here have spoken of the scaleability of the debt facility with the bank consortium, for Havieron development.
https://www.lse.co.uk/rns/GGP/funding-secured-for-development-of-havieron-3ogqqb4msapcp02.html
Perhaps some view on how debt might be scaled up with equity support may be taken from that, with acquisition costs take into additional account. No doubt Wyloo will be prepared to further support any fundraise.
I think circumstances indicate you must be right on that. Save the ‘delay’ I don’t think it’s in the acquifer, though it is pushing back development costs, with many on here believing Ggp will possibly pick up 100% and carry that and debt into FCF, whenever that is. I think that’s is quite a challenge, though not impossible, alongside exploration activities. Perhaps there’ll be partner(s) and not a sea change as some hope for.
It’s Newmont and the ‘opportunity’ effect, with benefit some way off when accretion comes into play.
I might, on a matter of balance more in tune with this board, at least have mentioned that IF there is any substantial equity raise, Mr. Day in line with his allegiance to shareholders, should perhaps open it up to existing shareholders at large, pro-rata, time and circumstances permitting.
If you perceive me as negative, of course that’s your choice.
I will just be one of many waiting on shorter term developments, looking for the possibility of an advantageous entry. That doesn’t mean at a lesser price.
We’re all waiting on unknowns.
I wish you the best in your differing positions.
Motorways ain’t my thing. Fishing was suggested before.
You can’t work me out because I am a very interested re-buyer, with no axe to grind. Whatever happens, happens. You will know the board can give themselves, legitimately, first dibs on any equity raise, and support it.
That may, or may not occur.