AgriMinco Corp ETPHF

Financing Proof

[madmax240kph]

This report states approximate funds remaining and future plans to get it going
to production. 

 

Financing

As discussed, we believe EPC will need to raise a modest amount of equity in the near term to advance exploration and again later next year to fund a feasibility study. The estimated US$800 million capex requirement will need to be financed via a combination of debt and equity. Normally a junior potash company will aim to achieve a debt to equity ratio of 60/40 implying $480 million of debt and $320 million of equity. The company will most certainly pursue several financing alternatives including garnering interest from a strategic investor possibly including an off-take agreement. The company currently has

approximately C$4 million in cash and could add a further $22 million assuming the exercise of outstanding options and warrants (most of which are now out of the money)

 

[wpf1]

Is one phone call away......your too scared...i know i know ignorance is bliss....meanwhile another month is gone bye bye .......so with no revenue which way do you think the cash balance went since nov 31A) UPB) Stayed the sameC) Santa gave them a million earlyD) none of the abnove

[longsidebet]

I did call and they say that they still have 3 mil and will not go to the market untill the stock price improves.

[wpf1]

 playing chicken in this market is foolish......thanks for calling and proving me right

[wpf1]

What.......LMAOSainik abandon their projectjstaliar......you can`t be serious

[aklto]

     Hello jstinvest,                                                                                                        

[Threshold]

" Sainik abandon their project because it was not possible for open pit (an analyst also said they over drilled their land to even do solution mining now), i discussed this issue with the AAA VP of Explo and he said the same thing about Sainik. they pin cushioned their property thus making it incompatible with solution mining. to be fair that drilling was done before solution mining hit

[wpf1]

Lying ffn douche bags to the rescue.....Damge control damge control..sirens sirensjuly 11/2011- Spends 60 million dollars on exploration projectThe Indian mining company, Sainik Potash, which is prospecting for potash in the Afar regional state is importing different mining equipment. A company executive told The Reporter that with the view to starting potash production in a pilot project the

[BlindBat_1]

I think you are right. They had to go to Colluli first. I don't get it why they drills in the north first ( hole 17 / 20). =================== You may want to look carefully at the map in their presentation of May 2011. You will notice where the Camp is located , way at the North. Hence driving down a road to poke at the South. Why not poke a hole here and there on the way down , it is

[aklto]

     BlindBat, Thanks for the usefull information.                                                                                                

[BlindBat_1]

BlindBat, Thanks for the usefull information.     Still I prefer the HotDog in Colluli first before the WildCat in the Bada District to create a better situation for financing.   ================== We all love Colluli, but financing would be impaired if we lose our Bada license - we cannot risk that. Patience grass hopers, patience we will get there.   PS: To Firefox users