GREY:WFEMF - Post by User
Post by
74volframon Mar 05, 2015 8:54pm
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Post# 23495774
note on (promissory) note
note on (promissory) notePromissory note (as opposed to a convertible debenture) is a very benign form of loan to a junior company. Commercial loans from a bank have lower interest, but usually have a collateral. The note interest is kind of high, but looks like a short term deal meant to get through financing phase.
The note has no impact on the share count. In my view this is good for the company and shows Dundee may be back in.
Mr Adrammelech -- appropriately -- wrote a while back that If Dundee was really in trouble financially it would be better for them to move the mine into production. I think Woulfe received positive sign from IMC and that is where we are headed. This is my opinion only - based on my interpretation of what has been reported.