RE:RE:OSPThe OSP seems to be under construction already alhtough early days.
reading between the lines its seems like ORV feels they may be able to fund the balance with cash flow as the need arise. I would think they could also get a working capital facility once the project is well under way.
Looked like it was about to break out earlier today but RBC knocked it down late in the day. Still an up day so no complaints
Nergy wrote: JUANTOTHESTARS2 wrote:
To partially fund the plant expansion to treat ore stockpiled from previous years of mining activity, in the fourth quarter of fiscal 2024 the Company raised total net proceeds of $27.7 million through the placement of bonds in the Bolivian Stock Market and the issuance of preferred shares of EMIPA, its Bolivian subsidiary. To secure the remaining required funds for the construction and ramp-up phases, the Company continues developing different financing sources, including, without limitation, equity at the Bolivian subsidiary's level, additional bonds offering in Bolivia and a prepayment facility
so this quarter they raised 27.7 million and between july 1 to aug 12 they raised 37.7 million for the OSP. so question is how much more money do they need for construction start and ramp up.
65 million raised through the bond program. how much more do they need? couldnt find in their MD &A documents.
JuantotheStars2
Fourth quarter of fiscal 2024 = July-September. They have raised around $28M You can see it in the financials.