RE: RE: RE: Financing by Rotschilds Van - your optimism is refreshing, but not realistic.
Why would a bank syndicate wait for a Quartz permit, when thy can just make all of the financing effective upon issuance of one? Makes no sense that they'd wait.
Either VIT is really playing hardball here and juggling many different potential financing offers or they have no idea what they're doing.
Based on JM's recent presentations, i'm not terribly confident in his ability to negotiate.
Either way, i agree with everything else you wrote and and hoping that the project is so good that even a bad negotiator would get a good deal here.
It's highly unlikely that they have a deal with RGLD in place and are just waiting - call VIT and ask. They're still 'exploring all options.'
I would expect them to announce a debt deal AFTER they get the permit (in May, at the soonest) and then announce a stream AFTER that...which may not be until June/July.
This is why the stock is tanking.