Comment by general360on Aug 13, 2024 3:27pm
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Post# 36177144
RE:Time to bring in a partner
RE:Time to bring in a partner
not sure if the financing is a problem. i'm kinda confused, i guess i need to go back and re-read the FS and see what they were indicating the schedule was back then, a year ago. we now know schedule and scope.
i see this new schedule is apparently 5% sooner as per the news. but yet we're saying we'll be producing 2 years later? the devil is in these details!
if we're not breaking ground until spring Apr of next year - which i believe was always the target? - then i'm not sure about being late? and if we're not starting w/ construction until then, then we don't need 100-200 million until then, so is our financing "delayed"? not wise to take out a big LOAN now and be paying interest if we don't need the money for about 6-9 months from now?
I do want to see the details from the NR about the "securing long-lead critical equipment and major components, sourcing offtake partnerships and agreements, "
long-lead equip - if the orders are in, this sounds promising as in there might already be financing in place, or a long term financing / waiting on the overall financing picture.
the sourcing offtake partnerships - this is some of the "SHOW ME THE MONEY". how big, how predictable, and when will this start!? thought we're talking about selling product within MONTHS of breaking ground?
company has gone SILENT...what's the plan stan? the money guy is gone and we haven't acknowledged that have we MR SALT?!
sounds like we drift lower for a couple more months? the market is NOT excited about this now! looks like it'll take the money answer to get excited about this...