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Why would MIIF pay, then can push them out for bad behaviour

Pretty much @JackB14 we will have some form of dilution.

But the License is designed to push things forward even if both parties have niggles.

Oooh and any naysayers, just go and check the prerequisites for any government contract or bid. Pretty much anywhere’s

Seems to me they held 70 milllion in the bank cause they knew, and will need to keep

It also depends on is everyone playing nice, I.e. are taking the pain till elevra sorts out its cash flow. If MIIF come in, then it’s a tick tock for elevra.

Also a head scratcher as to get the license then both parties have to show how they will build the mine!

It’s the question of dilution in Atlantic, currently. Needs a MIIF director assigned, once that happens , it should get very interesting.

Currently although early, it looks like this was priced in.

The call on delay notices can be delivered by the government, which then in turn dilutes elevra, the government can do this to a JV partner. Hence elevra are playing a dangerous game.

The license has this written within it, to force companies to man up or exit.

It’s a warning shot, and standard in government programs not just mining.

Damned if we did, I would guess our partner at the time would have struggled. Or we would have got caught up in the takeover.

Currently they can fund, and need to

@5toamillion yeah, NAL in Canada. In a remote destination, runs at $860 a ton , on contracts at 1,600-1,800 at best. That only just generate 40 million in six months.

If you want to say Elevra has cash flow, over commitments,geo-political challenges.

A mine they can’t fund in the right geo, an expansion that needs government funding, a management team who backed themselves into a corner.

Yeah I agree, can they pay or raise debt, or do an issue to pay, YES!

Do we care not a jot!

The contractual agreements, and lease force these decisions. If Ghana deems elevra delaying they can put penalties on just them.

This is games, your fear is that nobody will get the 9.4bn. However all parties need it.

Elevera is making cash, no financial debt. But they said no dilution, just offtake: they have politically positioned in corporate terms, Atlantic literally politically aligned themselves against this.

It’s 15 years, not 5 minutes.

It’s still 3-9 billion.

If this all plays out, wait for Elevra to pivot on low cost, AISC and government backing, possible pays for Tennesee (140 million in government funding sitting on shelf)z.

The pivot will cushion their dilution or debt increase.

Ooh and NH will play a long game if needed. Hence it sucks for the sp currently but he has more levers he can pull.

We are just under 9.4 billion at today’s prices!

For clarity, both companies need MIIF to sign.

As we know Ghana. Wait for possible a director to be assigned 1st or a signing of the deal with MIIF. MIIF are king makers. Who seem to be backing ALL.

Ghana will want a ceremony or stage to announce anything.

We assumed NH, was pushed into pensions and MIIF deal, but that is also his strength. As Lead on the project we have the relationship.

Elevra can fund, but are playing a game.

I checked the portfolio, they need a billion off of the back of a mine that has AISC at 860, that is rising due to oil etc.

They have a political headwinds due to US and the strategic alignment of critical minerals.

Contractually they are running a 3-6 months behind current prices.

They only have NAL.

The cheeky bees were asking if ewooya can survive on low prices.

Hence my comment who blinks 1st.

I believe they have to do it by end of month, to comply with Asx rules. If not guess what, they suspend them 😂

Is it they have two days till quarterly due?

Actually demand for, is more accurate

790k shares reported late, across those two trades. Curious to see if Asx moves higher, then what do they know?

GLA