RE:RE:RE:Stuart MacDonald interviewI respect your thoughts newbern. You must have watched a different interview. The qs were pointed but limited fir an hr. long interview. The answers were vague.
Florence was the focus.
Clearly, the pp money was for florence. It was earmarked for pre minebuild engineering and ptf operating. So this apears to be capex on top of 250 million u.s. to build the mine.
For many qs now we have been told many banks involved in financing florence. It seamed very clear we will not do any bank financing.
With management under investigation and bonds coming do that makes sense that no one would want to loan cash.
When pressed on gibraltar ability to fund florence is when stuart started 2 choke. It would appear that all funding will come via dilution and jv. I would guess that gib cash will be held for bond mitigation.
It apears to me that tko would do best at selling 50% florence for 250 million jv. That would leave pre pp sharehloders with 20% of florence and back to 100% gib and pipeline.
If copper price holds gib cash could pay out bonds and tko would have 2 producing mines debt free.
The eps multiplier would b very high under that scenario. At 2days copper price eps would b over a dollar 4 a likely 20.00 sp.
The good news at ndm is that big shorter is from bejing and would lack credibility in u.s. eyes.
Bad news is that can not b sued.
Good news is that ndm already beat down an earlier short attac a few tears ago.
Bad news is. This time 5 u.s. law firms are looking for class action parameters.
Great news. Copper holding at 3.50.
nf