GREY:AXXDF - Post by User
Comment by
BGrahamon Mar 10, 2012 7:02pm
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Post# 19654199
RE: Strategic
RE: Strategic Speaking of smart money, what do you think of Alderon's attempts to bring in a Chinese participant with financing and off-take agreement.
Morabito said in an interview with mining.com that once a Chinese deal is done, the so-called smart money will be quick to follow.
In the case of Consolidated Thompson though, the opposite happened - some (I allow) anxious and so-called smart money watched their market value drop considerably only to see WISCO enter with an advantageous financing and an off-take at a later date. The smart money did quite O.K. in the end but WISCO arguably did better.
This is why I wonder if a Chinese entity will either demand an advantageous deal if they are first movers on a large financing or will they wait and see what the "smart" money does as WISCO seemed to do in the Bloom Lake development.