GREY:PRCNF - Post by User
Comment by
Jonassson Nov 20, 2019 10:28am
109 Views
Post# 30373555
RE:RE:RE:RE:BOOM
RE:RE:RE:RE:BOOM28M is the max PURE can get from Alumina but that doesn't mean that all the amount will be consumed. They can use only 1M or 2M or less or more as needed. It's like a credit card with a limit of 28M that you use for emergency and not to buy a house. So the offer from Alumina according to PURE situation is limit of up to 28M. I know that only a small portion of this amount will be used because the other financing took longer than expected and they had to go to plan B. No need to be so negative about this financing as they haven't announced how much money will they actually withdraw from that account.
JMark80 wrote: Then why is Alumina allegedly committing to $28mm?