Couple of things29 Sep 2019 12:07
To highlight from last years full results.
Firstly: Targets for 2019
Continue advancing CS Project towards production:
· Complete mine permitting.
· Conclude customer Offtake Agreements.
· Commence first production.
MY COMMENT: It seems like the permitting should happen by mid Dec Results RNS so whilst we know first production won't (expected early 2020) perhaps the middle one still might (at lest one if not more offtake deals signed). I have no doubt Patrick would love to get that tick in the box too.
Secondly: This statement under Strategic Report
"The Company's activities are financed by periodic capital raisings, through private share placements. When projects become more advanced, or as acquisition opportunities advance, the Board will seek to secure additional funding from a range of various sources, for example debt funding, pre-financing through off-take agreements and other joint arrangements"
MY COMMENT: We must surely be within the criteria of 'as projects become more advanced' so my guess is Patrick is already looking at options like this. No issues with us taking on debt rather than raising via placings and diluting us.
Good day all, off for a walk....