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re: Diving deeper on Standard Lithium?
Posted on 5/8/24 at 7:55 am to Fe_Mike
Posted on 5/8/24 at 7:55 am to Fe_Mike
Whoops, I shouldn't have been posting so fresh off a night's sleep lol
So Equinor will be providing these upfront payments and then they will share the remainder of capex, right? Isn't that what pro-rata means in this line for example
"Equinor to solely fund the first US$40 million of development costs at SWA upon completing the Transaction, after which all additional capital expenditures would be funded on a pro-rata basis"
So Equinor will be providing these upfront payments and then they will share the remainder of capex, right? Isn't that what pro-rata means in this line for example
"Equinor to solely fund the first US$40 million of development costs at SWA upon completing the Transaction, after which all additional capital expenditures would be funded on a pro-rata basis"
2
Posted on 5/8/24 at 9:22 am to ev247
That’s what I took from it. Equinor pays 100% of the first $40M in capex, then 45% of all remaining capex. This is a huge investment.
Posted on 5/8/24 at 9:25 am to ev247
Good buying opportunity here. Market is reading this very wrong.
It stops dilution. Massive derisking. The deal is for much more than $170 million. Huge investor.
This is a big deal.
It stops dilution. Massive derisking. The deal is for much more than $170 million. Huge investor.
This is a big deal.
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