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Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

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Banca I.F.I.S Spa > Set-Up

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Post by frank1971 on Apr 10, 2017 7:28pm

Set-Up

Has the odour of a set-up all the way between Fournier and other party or parties,since this mill was almost worthless anyway

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Comment by SparticusJones on Apr 10, 2017 7:37pm

I have to respectfully disagree. The refinery being minutes away and fully permitted up to 4000/t per day. The nearest refinery able to do that is 3hrs north (timmins) or 3hrs south west (Sudbury) they could have spent x amount and the permitting alone to be able to run their tailings and new product is worth it alone. Would have been nice, could still be nice.

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Comment by dothemathpeople on Apr 11, 2017 8:29am

Wake up...the Yukon needs more than what you might expect...I was attacked for suggesting it, but I've seen this dance several times before...on the same dance floor...BS always smells the same.

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Comment by newsimon1707 on Apr 11, 2017 9:32am

The owner of the rafinery is full of debts... They need money...I think they became greedy and once they figure out they won't be able to sell it to anybody else, once they see all the litigation cost for them (which they probably can't afford) they will come back with their tails between their legs! We will probably end up getting it back for even cheaper the what we would have pay ...more

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