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re: Diving deeper on Standard Lithium?
Posted on 5/8/24 at 7:48 am to ev247
Posted on 5/8/24 at 7:48 am to ev247
Of course I’m insanely busy, so just a quick skimming of this, but am I reading it right that we are getting these initial payments as milestones are reached totaling $170 mil. And the entirety of the capital on these projects will be split 45/55 between equinor and SLI?
So basically Equinor is paying $170mil cash to kick these projects off, then splitting the capital with SLI after? A $3B SWA project, Equinor would pay a total of $1.35 billion?
So basically Equinor is paying $170mil cash to kick these projects off, then splitting the capital with SLI after? A $3B SWA project, Equinor would pay a total of $1.35 billion?
1
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"
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