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Minera IRL Limited T.IRL



TSX:IRL - Post by User

Comment by baystock1on Jan 10, 2015 5:16pm
132 Views
Post# 23306130

RE:RE:RE:RE:rather see them hold on for better market conditions

RE:RE:RE:RE:rather see them hold on for better market conditionsFinancing won't happen at $1200 POG.  The financing needed is $165 million out of which they have an agreement from macquarie for $100 million in debut financing. This leaves $65 million to be raised thru equity financing.  IRL market cap is now $10 million, so this aint going to happen any time soon. Only option is to rollover the $30 million debt that is due this june and wait for rising gold prices to raise the share price so that an equity raise is palatable
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