GREY:ADEXF - Post by User
Comment by
Greenandgold.on Feb 08, 2012 5:06pm
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Post# 19506025
RE: rpdeluca, re; ADI's CAPEX......
RE: rpdeluca, re; ADI's CAPEX...... For a supposedly well-capitalized "partner," $5.3 million in over 1.5 years is just not a credible level of investment. XinXing has not made enough of an investment to be taken seriously. $5.3 private placement = a rather small deal, that could be done by any Vancouver brokerage house.
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WISCO, when it invests in Canadian iron ore juniors, invests hundreds of millions upfront (into ADI, Century, and Consolidated Thompson). Shandong Iron and Steel put up 1.5 billion upfront for a stake in African Minerals.
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What serious company is going to wait 3 or 4 months to close a $5 million debenture? It's such a piddling amount of money and it's taking a looooong time.