TSXV:FCO.H - Post by User
Comment by
JohnEStromJron Apr 05, 2010 4:39pm
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Post# 16958093
RE: RE: wowwow read the news releases and you migh
RE: RE: wowwow read the news releases and you mighWowwow,
What a name! :) Right up there with Bobo - he was a clown too.
FMI is arranging for what I would call "just in time" financing and doing it incrementally. They do not want a huge loan when they only need a small portion of it. My preference would be for the end users of our Cobalt to front us the money, in tranches, as we need it against future deliveries of Cobalt. That might not happen but it's the best way to go. Suffice to say they are moving forward on many fronts and we will be advised when there is news. They are constrained by confidentiality agreements from advising us on too much. While I've always thought that a crock of $hit instituted by the industries and banks, nevertheless, those are the rules.