Aug. 17 at 2:58 PM
$WWR copied from another page. Really good points and wanted to share.
Here is what I understood from the call.. Not so bad but still foggy on some points. (it's their style after all.. Isn't it?)
quick sum-up by points:
EXIM
$25M is 100% for Kellyton Phase 1. no ambiguity here. Management explicitly confirmed that the use of proceeds is marked for Kellyton.
EXIM due diligence is basically completed. They already received the formal approval, what remains now is definitive documentation + customary closing conditions.
the
$25M will probably work like a construction loan, so not necessarily
$25M cash arriving all at once.. they will make draws as construction/equipment expenses move forward.
probably the most interesting point for me: EXIM was only 1 of about 4 government funding initiatives WWR has been working on. The other 3 are still ongoing, at different stages. Management won't disclose which programs or timing yet. (WTF!)
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