Path to financing MaginoPath to financing Magino - from the latest presentation and second quarter conference:
Total cash at the end of 2020:
$320M - $350M
- Q2 cash balance: $65M
- Equity raise: $90M
- H2 2020 cash generation: $50M-$80M
- The additional amount of $115M+
Let’s focus on this additional amount of $115M+:
- CDE flow through ($30M available)
- revolving line of credit (Argo had $35M with $7M drawn).
- debt alternatives (this should account for the remaining amount of $57M+)
Note: The calculation does not include cash flow beyond 2020.