RE: RE: Deal with Vale SA Good point Matgirl. The only risk is that if anything were to wrong with the deal we would still owe money on the loan we took out. I am not slagging the deal nor am I seriously suggesting that there is a serious risk of default. I am just pointing out that if SLW borrows instead of issuing shares there are risks attached to that. That said the risk is pretty minimal and I trust your numbers are accurate.
One thing on the news release was that there were 2 parts to the SLW loan, one of them being bridge financing. I was guessing they plan to issue shares to pay off that part of the loan but was not sure of that. They might want to wait for a more favourable share price for something like that.
Bob