Post by
nofluff on Nov 27, 2020 3:15am
NCU
Makes mining.com news on financing package. Bankers were lined up to lend them cash at very favorable terms.
So why is that? Two reasons I think.
1. Copper is becoming the days flavor.
2. There is a ton of cash sitting and looking for a home.
Lets c what kind of terms tko can come up with for florence. Definitely should b as good as ncu. Less than 6% on new loan with 12 month payment differal.
The senior 100 million loan offered 2 year payment differal.
Lenders r competing.
The gib rebond should b under 6% as well.
If tko puts 100 million in florence there should b zero problem securing 200 million at less than 6 %.
Maybe sell 10% jv for 100 million and then only 100 million borrowed funds.
nf
Comment by
2024golden on Nov 27, 2020 6:29am
How cxan they possibly sell 10% of Flo jv for $100M....when they just sold 12% of the entire company ( including Flo, Gib, Pipeline, EVERYTHING )for $30M ??? Have your morning Jo before you answer ...please
Comment by
fishmillion on Nov 27, 2020 7:28am
24.... i tkink tko could get 100 million for 75% of flo. The jv then builds and runs... tko portion of build out of copper sales.... good deal for both sides... its more than effect of interest because jv has control of build and operation . Gib might be a boat anchor.. ywllowhead isnt worth much.....