Re: If we get financing news for say $100 million

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Justin_a_lyesse

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Re: If we get financing news for say $100 million

in response to

If we get financing news for say $100 million

bob-ten1

posted on Jun 05, 2014 11:37AM

I think any financing news NOT be for a "partial" package. It will be, IMO, announced for the entire amount of debt, but may have the caveat of coming in tranches; so for arguments sake lets say it's for a total of $450 million, they may say $150 mil as of August 1st, 2014, another $150 million in Feb 2015 and the last $150 mil in Aug 2015 to finish building the mine.

Summer may seem like a bad time to announce financing, but regardless of WHEN it is announced, I think the SP will rise with INSTITUTIONAL investment. Yes, the retail investor may "sleep" through the summer and not pay attention but it is institutional money that will move the price. Pension funds, mutual funds etc do not sleep like the retail market has a tendency to do. Just my opinion.

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