Imperial Metals Corp T.III

New debenture financing

[miningfundi]

Hopefully this new debenture financing funds operations through to the issue of a positive Feasibility Study in  the second half of 2023. The FS, judging from the PFS and later excellent exploration results, including potential early mining of high-grade pods, should be spectacular! In that context and in the context of the current pitifully low share price, it is good to see a reasonably non-dilutive financing: one warrant exerciseable at $2.10 for every $8 of debenture. It also reasonable to assume that MP should be making a positive cash contribution now or in the very near future.

[kepiyal]

This post has been removed in accordance with Community Policy

[Bravohit]

We have been assuming this since 2013. We assume that MP will be positive cash flow at 3.80 per pound USD. We assume that the idiot$ in III can actually run a mine. We assume that III will be able to find financing to sponsor its portion of the cave mine. We also assume that the "low" price of .66$ from four years ago will not be reached again. So far all the assumptions made an a$$ out

[miningfundi]

As long as ME, a successful, multi-billionaire dollar investor, keeps putting more money into III, so will I,. especially at these prices! 

[Bravohit]

That is a constant statement that holds little water these days...ME will make 10% per year on his investment. He controlled the fund that manipulated the price. Te magic if ME is waning with III..

[temeraire]

As usual finding common cause with your post is difficult.  ME could easily have taken the company private. Instead he did a deal that relatively speaking only modestly dilutes us. His 10% in this environment could have been higher out of the gate. There is lots of 10% paper left for anyone who has the room. I wish I had it. We're "producing" at MP and have grown RC's