Clarification of financial package9 Jun 2019 13:47
OK some clarification from notes from other site. I go this wrong earlier regarding no dilution at all
A royalty deal is also part of the package with the aim to get money up front i.e. this is non-dilutive. This will allow early works to begin and the company are currently looking to appoint a construction manager in anticipation of preliminary work streams.
An equity raise will not happen until the project finance is in place.
This will be end of Q1 Q2 2020 for the financial package, and royalty Q3 this year to allow advance of project, e.g. road and bridge building.