GREY:WFEMF - Post by User
Comment by
ark88on Aug 01, 2013 10:10am
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Post# 21643539
RE:RE:Top Shareholders Stats
RE:RE:Top Shareholders Stats
The capital markets for the mining sector has been completely devastated. What are the odds/chances for a junior to raise funds in this environment, even with a resource that is in demand with increasing prices and a ready end user willing to participate with an offtake? This gives you a sense of just how challenging all of this must be.
For us, I think the answer lies with IMC. Forget the capital markets. In this environment, the funds IF it can be raised will come at a huge premium. Translation? Retail shareholders like us will get royally s cr e wed. I much prefer that we seek a partnership with IMC, a 60/40, 70/30 even a 50/50 ownership in exchange for funds to advance Sangdong. I'd even entertain a buyout. I just hope that this idea has not been explored and is still a viable option. GLTA