From gvan over at HC..
https://hotcrapper.com.au/threads/a...ls-forum-2023.7451206/page-4?post_id=68523435
Quoted:
There is a nice breadcrumb in the project financing slide:
"Financing strategy targets 60% project debt and 40% equity (which can include state aid and strategic partnerships)"
On the previous presentation from 30/05/2023 it's stated on the EU Momentum slide: "Talga is exploring green funding opportunities, including proposed Sovereignty Fund"
For those that aren't familiar, the proposed Sovereignty Fund is a proposal from von der Leyen to ensure "the future of industry is made in Europe".
"The proposal for a sovereignty fund is just the latest stage in the Commission’s efforts to beef up local industry and compete globally on everything from microchip production to critical raw materials to the use of hydrogen."
"It follows measures like the Chips Act, aimed at shoring up the chip manufacturing shortage, and the Net-Zero Industry Act, which is designed to scale up the EU-based production of clean technologies. Brussels has also moved to temporarily ease state aid rules to let countries strategically buoy homegrown companies.
But the new fund would also back strategic projects at an EU level — everything from hydrogen to semiconductors and biotechnologies."
Highlights, press releases and speeches
ec.europa.eu
The last point in bold is important because this has been the EU's stance on state aid in the past:
"A company that receives government support gains an advantage over its competitors. Therefore the Treaty generally prohibits State aid unless it is justified by reasons of general economic development. To ensure that this prohibition is respected and exemptions are applied equally across the European Union, the European Commission is in charge of ensuring that State aid complies with EU rules."
I must say, the financing situation is looking absolutely outstanding for shareholders. I'll say it again, thank goodness Mark turned down LKAB & eventually Mitsui because this is far and away the superior option. We knew this sort of financial backing would eventuate but in 2021 we only had the two options available. Remember, at the time we didn't know the Ukraine war would happen which caused massive EU urgency to fund green projects, which makes the decision to hold out even more impressive. Lesser management would have probably folded considering the short term ramifications.