TSXV:FCO.H - Post by User
Post by
longnose2on Sep 27, 2011 8:05am
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Post# 19087424
Bond Financing
Bond FinancingOne never knows what the larger banks carry on their balance sheets but BNP Paribas is one of the strongest banks in the world and is rated AA by Standard & Poor's.
It seems unlikley that their commitment to bond funding will not close.
Cobalt prices remain within historical norms and is still double cash costs of $8 per lb.
A horrible market recently along with fund redemptions have done its job on this stock, like most others.
At last report, the balance sheet held $65 million in cash, enough to finish the mine.
Buying now would seem to make a lot of sense.