Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
On the 6th June BH stated in an RNS that GWMO had the funds to complete the mill -
Under the JV agreement, Muletown is providing a mill site on private land, a large inventory of plant and equipment and supervision of construction. Great Western is financing the construction and commissioning of the mill and has the funds available to meet this commitment.
And yet somehow now we don`t and the SP has crashed, someone somewhere is telling porkies ( I appreciate things can change but too such a degree in 6 or 7 weeks). 30% discount is a bad joke.
From 12th July 2022 RNS . All equipment has been secured, does that mean already paid for.
**Identified and secured the equipment required
The equipment identified by the JV will in most cases be pre-used mine equipment sourced locally, refurbishment cost of which is expected to be significantly less than the cost of new equipment, providing for economical start-up costs and a faster lead-time to commissioning.
As they know the full specification of the mill. Agreed with the authorities in the meeting. Is it possible they culd build the whole mill before permission is granted to operate. GWMO have already stated they have bought all the equipment. We could certainly do with a sp boost currently. atb
"recent placing........ little in the bank" How does that work have they given the money they raised away. Or you could say funded to build a processing plant (as per the recent placing you mention) and funded for this years drilling plan. Once processing plant built GWMO will have a decent revenue stream.