RE: Institutional investors28 Sep 2022 08:23
As long as GR continues to focus on Zulu and none of his other pet projects, we have no reason to believe another raise will be required. Within the loan value, a certain amount of risk mitigation and contingency will be in place. GR would not place his biggest asset as a security without having such things in place.
No further raises required... biggest risk in my eyes are a delay to first shipment due to mine build, which will result in PREM requiring to pay interest on the loan. A late first shipment will not result in the loss of ZULU.
Lets face it, the continued increases in Spodumene prices would likely pay for the loan interest anyway. we are well placed here.
J