WTM 12.5% 9.0¢ waratah minerals limited

Just guesses. No science. It really depends how advanced...

  1. 11,249 Posts.
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    Just guesses. No science.

    It really depends how advanced discussions were previously with any alternative debt financiers before they signed the term sheet with RCF. If it’s a matter of picking up discussions where they left off then great. 6 weeks may be a reasonable minimum assuming a level of due diligence is still required.

    I also hope they had preliminary discussions with other financiers before they signed a term sheet with RCF.

    Company has indicated a delay of 3 months for first shipment. I’d assume they would have factored a buffer into that timeframe to put out a conservative guide for the market.

    I’ll be very ( but happily ) surprised if we have an outcome by the end of this week.
 
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