ASX+December+Funds19 Aug 2022 21:20
Hi All,
There seems to be a couple of events coming up that are of significant interest.
1. Full FS in Q4
2. ASX listing
3. Repayment of NCM loan
I'm keen to understand at what point we need to start repaying the NCM loan vs a potential timeline for ASX listing + full FS being reported. I think I saw Bamps noting that the repayment was linked to actual progress and decision to start mining. If the repayment plan is taking place at a leisurely pace, I would think that we could wait for full FS, decide to join ASX and then start repaying the loan. The key question I have is whether joining ASX would dilute the existing shareholders. There seems to be uncertainty as to whether PIs would be able to take place in such an equity raise. Given that PIs own close to 50% of GGP, why would they agree to such a raise? Genuinely curious!
Cheers