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clock Created with Sketch. 27/03/18
12:35
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Originally posted by stevenjd
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they simply need coin in the coffers to be able to be listed. cash was low after the grafex acquisition.Offtake Agreements currently finalising the detailed terms of the proposed binding offtake agreements. Tianshengda and Haida expressed their confidence in the Ancuabe Project ........... Triton remains confident of finalising the binding offtake agreements within the next month " ie In April EPC And Financing a successful visit to China progressing engineering, procurement and construction (EPC) contracts, debt financing and binding offtake agreements . The Company remains on schedule to make a final investment decision in Q2 2018 with first production anticipated in 201931 March 2018 and Sinosteel and MCC have both confirmed their intention to submit tenders. Technical discussions with both parties confirmed the site location and project design is straightforward and discussions also focussed on opportunities to lower capital cost through leveraging procurement relationships. It is anticipated the award of that tender would be announced in April 2018 potential EPC contractors also coordinated discussions between Triton and leading Chinese financial institutions who reaffirmed the potential for debt financing of up to 85% of the EPC contract sum on competitive terms representing a significant discount to more traditional sources of debt financing. Further, both Sinosteel and MCC have proposed options to defer part of the EPC contract amount for a period of up to 3 years that would reduce the level of upfront financing required in 2018."
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Please refer to the Pathway to Production Announcement - this is TON managements commitment
