Originally Posted by
Ninefingers
Item Proceeds of the Offer ($) %
1 Deferred consideration - acquisition of shares AAM AG 2,000,000 13.8
2 Stage 2 early works HPA plant payments 5,800,000 39.9
3 Senior Loan Commitment fees 260,000 1.8
4 Development works - HPA Anode product 700,000 4.8
5 Due Diligence & Feasibility Study - German HPA Plant 700,000 4.8
6 Green Bonds 860,000 5.9
7 Land - Schwarze Pumpe, Germany (ATC portion) 1,350,000 9.3
8 Expenses of the Offer 400,000 2.8
9 Corporate costs and working capital 2,463,392 16.9
Total 14,533,392 100.0
Seems they are spreading the cash around various work streams.
Interesting you had a 3 year hold time, I do too, 1.5 years to go though hence why the 18month options I like.
The fact they were approached for the anode coating shows to me that, although an opaque industry, their scientific contributions are valued. Similarly approached to look at a German plant.