RE: Signed sealed and delivered11 Mar 2025 19:07
@Spikey, hope this helps.
When taken with the Company's current cash reserves, the £1.0 million from the first two tranches of the Trade Finance Loan is expected to provide the Company with sufficient working capital to meet ongoing obligations until September 2025.
In addition, the Company can elect to draw down on further tranches of the Trade Finance Loan (subject to achieving the milestones set out above) and Eurasia also intends to generate additional cash from sales of the Company's stored inventory of PGM concentrates.
Furthermore, in addition to the Trade Finance Loan, the Company is due VAT refunds totalling approximately £323,000 from HMRC. A case is also being prepared, based on proposals from two law firms, to represent Eurasia to recover a possible refund of circa £1.3 million from a third party in relation to a previous transaction.
There’s also the possibility that the 54,347,826 warrants could be exercised anytime at 4p which would give the company around £2173913.04 before any costs.