https://wcsecure.weblink.com.au/pdf/ARU/03016461.pdf
https://wcsecure.weblink.com.au/pdf/ARU/03016458.pdf
Unfortunately I could not watch or particpate.
What did others think?
My take on the presentation/speech (without seeing it presented live):
The whole remaining funding to be locked in is just confusing. I would have preferred to see some words in the first few lines...saying something like, "hey we are locking in this large chunk of equity now, it is opportunistic given the higher share price (ie Directors actually working in the interests of current share holders) and only have X dollars of equity remaining to be finalised and then we will be at FID." And I know if you dig through it all, that message is there. But that is the point...it shoudl have been up front. The actual annoucment seen here:
https://wcsecure.weblink.com.au/pdf/ARU/03014913.pdf
There is no mention of the remaining funding to be locked in and its not far away.
I saw on other forums...people just seeing this as another massive cap raise...when in fact...it is part of the final cap raise (which the next one will be the final final final final cap raise).
I do like Slide 4 of the presentation. And I know ARU never tend to slag off other companies...but it is good to show how large MP is...and seriously...in about 5 years time, ARU will leave them for dead.
The "Nolans selected as one of only two priorityprojects" under the EXIM for the US$300.....this is great...but what does it mean? How long till they reach a decision? Trump said six months? Could they have put that quote in? EFA has all the DD..and EXIM has an agreement to use their work....so what is the timing.
All in all....it seemed like an ok Presentation.....i just wish they could have said "We have now locked in 90% of all funding...with the remaining likely to be locked in very soon...."
What do others think?
https://wcsecure.weblink.com.au/pdf/ARU/03016458.pdf
Unfortunately I could not watch or particpate.
What did others think?
My take on the presentation/speech (without seeing it presented live):
The whole remaining funding to be locked in is just confusing. I would have preferred to see some words in the first few lines...saying something like, "hey we are locking in this large chunk of equity now, it is opportunistic given the higher share price (ie Directors actually working in the interests of current share holders) and only have X dollars of equity remaining to be finalised and then we will be at FID." And I know if you dig through it all, that message is there. But that is the point...it shoudl have been up front. The actual annoucment seen here:
https://wcsecure.weblink.com.au/pdf/ARU/03014913.pdf
There is no mention of the remaining funding to be locked in and its not far away.
I saw on other forums...people just seeing this as another massive cap raise...when in fact...it is part of the final cap raise (which the next one will be the final final final final cap raise).
I do like Slide 4 of the presentation. And I know ARU never tend to slag off other companies...but it is good to show how large MP is...and seriously...in about 5 years time, ARU will leave them for dead.
The "Nolans selected as one of only two priorityprojects" under the EXIM for the US$300.....this is great...but what does it mean? How long till they reach a decision? Trump said six months? Could they have put that quote in? EFA has all the DD..and EXIM has an agreement to use their work....so what is the timing.
All in all....it seemed like an ok Presentation.....i just wish they could have said "We have now locked in 90% of all funding...with the remaining likely to be locked in very soon...."
What do others think?
