Bushveld Minerals Ltd (FRA:23U)
€ 0.0005 0 (0%) Market Cap: 8.55 Mil Enterprise Value: 128.57 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100
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Bushveld Minerals Ltd Special Call Transcript

Sep 11, 2023 / 08:00AM GMT
Release Date Price: €0.0085 (-46.88%)
Tanyaradzwa Tsitsi Wendy Mamie Chikanza
Bushveld Minerals Limited - Finance Director & Director

Good day, everyone, and thank you for finding the time to join the call today at relatively short notice. I'm Tanya Chikanza, Finance Director of Bushveld Minerals, and I'll be presenting today's announcement.

Following our news on the restructuring of the Orion convertible note a few months ago, I'm pleased that today, we are able to announce another important agreement with Southern Point Resources. This new transaction proposes the injection of fresh capital into the business, which will provide the necessary near-term working capital, assist in reducing overall debt and support the business in meeting its short- to longer-term capital expenditure and optimization requirements.

While there are several components to the proposed investment, I'll briefly summarize the main ones. Firstly, our new partners, Southern Point Resources, will provide us with an interim working capital facility of ZAR 150 million. That's approximately $8.1 million. This will be directed towards the Vanchem

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