RE:RE:RE:What does Auramet know? Auramet got an arrangement fee of $200k and draws $100k in interest per month. Worst case scenario the loan is almost certainly secured by the mineral rights, which I'm sure everybody can agree are worth more than the $10M liability.
So a $500k return on a $10M loan with only a 3 month term is like 20% annualized ROI, BEFORE accounting for the warrants.
Auramet didn't write this check because they know CNC is necessarily going to pop. They're getting an excellent return as-is by essentially letting Selby finance CNC at credit card rates, with very little downside.
TheYman100 wrote:
EndZonefor7 wrote: Exactly NiCuAgFan, who would even lend $10 million if they didn't know a helluva lot more. Why would majors, EV players etc even let you in the door if you had nothing like trolls here keep harping but still want to buy at $2.20 ? It's laughable.
I have to say that this exact reason keeps me hopefully as well. I know these groups have more money then we could ever dream of having, but I'd like to believe they don't throw 10 million around for the sake of a "hunch", it's clear they see value with CNC and I look forward to what the future holds for us