Once they confirm German funding ill chuck a few more pennies in. At the moment I am nervous the funding will full over or their production technology/plant set up might have difficulties. but with you on GNX.
Once they confirm German funding ill chuck a few more pennies in. At the moment I am nervous the funding will full over or their production technology/plant set up might have difficulties. but with you on GNX.
What do you mean with "once they confirm German funding"?
German funding (KfW) has been confirmed already in December last year. The project is rolling. What they still working on is to tie up the "funding gap" and it sounds like they have more financiers interested in filing that than they need.
Great position to be in to negotiate optimal conditions for share holders.
So - where are we?
- they do have a guaranteed takeoff for their product (Toshiba for 10 years)
- they do have the German KfW loan facility with outstanding conditions
- they do have a patented and scrutinized process and more feed material than they can use up in my, my childrens and my grandchildrens lifetime ...
- they do have a German contractor committed to do the work with expertise in this area, guaranteeing the process parameters and the output
AND with skin in the game (they are shareholder as well);
- They have all the necessary mining and manufacturing licenses, they have the place and they have a supportive environment
(members of the Royal family in Malaysia are shareholders as well)
- It looks quite likely that they will get quite friendly conditions re tax treatment (but I think the final confirmation on that is still out).
Where do you see the biggest remaining risks?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
They are still awaiting financial close which sounds non binding to me. All the other funding is non binding which has it's own risk. They had to capital raise to begin works and it is possible another raise could be required if construction out paces awaiting financial close.
Once they confirm German funding ill chuck a few more pennies in. At the moment I am nervous the funding will full over or their production technology/plant set up might have difficulties. but with you on GNX.
The funding in my view has been confirmed but obviously there are stipulations to on what the loan can be used for hence the CR to clear the site and ongoing costs until construction can start. Given that SMS, KfW, Altech, Malaysian royalty, Australian High Commissioner etc were there at the Opening Ceremony I'd assume all from now is mostly matter of fact. Sure hiccups can happen but I couldn't foresee any myself at the moment. ATC management has the great opportunity to actually shop around for the best terms for its Mezzanine Loan and Stream Finance as we have the Germans and Malaysian Royal Family on board.
Can you elaborate what you mean with "but with you on GNX"?
So here I was putting some money into my broker account to buy more ATC below 16c and now they have gone into a TH with regards to proposed funding counterparties. Well at least by Friday we know what a big piece of the puzzle will look like.
So here I was putting some money into my broker account to buy more ATC below 16c and now they have gone into a TH with regards to proposed funding counterparties. Well at least by Friday we know what a big piece of the puzzle will look like.
Yep, interesting - isn't it? This might well be the last piece of the financial puzzle. Quietly optimistic ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
Bookmarks