RE: Funding situation21 Nov 2024 10:32
Regarding posts around funding and equity dilution, Mike has stated in a number of interviews that he would do the equity funding at project level - Ive since confirmed this with him
So the plan would be to bring in a project partner who would take a stake in the company say 15-20% of the Orom-Cross project
Take for example AFC (African Finance Corp - they could come in as a debt and project level partner so take a project stake and provide additional debt funding on top of what DFC provide - AFC are keen to get involved in African Minerals projects
So the plan therefore would be to wrap-up funding without further diluting the shareholder base and this would be done post DFS when we should also have a nice new NPV figure factoring in SPG
Definitely a question worth asking mike on the next Live Spaces call