GREY:EORBF - Post by User
Comment by
thathurton Feb 02, 2016 2:58pm
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Post# 24517287
RE:Financing under the gun
RE:Financing under the gun ..so in a nut shell as i posted about the reality is this: cost overruns and no cash = requirement for a financing and roll into that a requirement for supplier to take shares for payment...
..of note and was noted before some time ago ORT "magically" reduced the cost of the HPA 20 (or whatever this is now) i believe by nearly killing off contingency...now it appears that it was stoopid to do that (of course the truth back then was inconvenient to whatever they were pumping at the financing at the time)..
..and key is always how much cash in total do they need before all of ORT becomes cash flow neutral..i suspect push to 5ton is where cash flow BE occurs..
..also gotta ask why no "takeoff" equivalent financing??? i guess potential customers won't commit on samples from Harper which i understand is "cheaper" stuff than from big calcinator