RE:Some additional notes....Here are the facts known to all based on corporate news releases and other information:
It is true that the recent agreement to extend the KfW loan for another month was not the same as the stated capital raise that may be required this fall, as per the NCU news release.
No one knows if that will be a private placement, nor does anyone know the price at which it will occur. If it is a pp, it will not be open to the likes of retail investors IMHO. It might suppress the share price for a short time.
That captial raise could come from more debt instead of equity. A copper mine is indeed an asset one can take to the bank. I would suggest it could be some marginal additional debt from KfW. I urge anyone interested to read about KfW. It is owned 80% by the German federal government and 20% by the German states. It is effectively an environmental and social development bank that makes investments important to the German industrial base. They provided capital for the Nordstream 2 project, for example.
Regardless of whether it is debt or equity, the company does not need a huge amount of capital to get steady production under way. The amount is miniscule compared to the current invested capital and negilible compared to the expected value of the project over the long term.
In the future, after the UG mine is operating, the open pit mine will require both equity and debt, and perhaps an experienced partner. Maybe the whole thing will be sold to a major mining company. That is a whole other story. And it will be a story with a happy ending.