RE: RE: NAU: Something big is happening I believe it could be financing with a partner and maybe a small dilution. The partner that we have heard rumours about is PEAB.
"Peab is an innovative construction and civil engineering company which combines the strengths of a large group with those of a local company's ability to create flexible solutions. Net sales 2010 were SEK 38 billion and the company employs approximately 14,000 people across the Nordic region."
If they partner with PEAB they will probably only need the Senior Loan at 400 mUSD in financing. They will also get the financial strength to speed up the start up of Hannukainen.
Read more:
"Northland and Peab to Form a Joint Venture for Managing the Transport of Iron Concentrate from Kaunisvaara to Narvik Port
Jun 29, 2011
https://www.northland.eu/en-us/investor-relations/press-releases?v=N_137015_PR_201106_1526789