RE:RE:RE:RE:RE:Discussionjph......I hope you're right. I am completely confused. There are different stories here. dilustion: yes; dilution: no. RCF majority owner, (after convertibles) Financing robust enough to repair the capital structure so that the mine gets built, AND RCF loan gets paid off.
There is a subtext here none of us are getting: it may be that management and RCF have fiqured out a way to get the mine into production QUICKLY, thereby producing a productive asset. A productive asset will attracxt investors; the moly cycle will turn. Avanti will emerge from these ashes but when at what cost. ???????
Keep in mind; the emerging market story is an urbanization story. That story is about per capital consumption of refined steel products that use moly; cars, appliances, etc etc. That's good for moly and avanti. Clearly the challenge here is to hang on until the cylce turns.
I'm angry about these setbacks, which might have been avoided had they quickly brought Avanti into production in stages, and do then what they might very well do now. Of course, I don't know enough to know that an earlier production date was even possible given regulatory issues. However, management was blindsided by sthe Koreans walking way from the deal a couple of years ago. That was a mojor set back with ramifications we are experiencing today.
Let me re-iterate: I really like this project. I want it to succeed. the question is: can it??????? No one seems to know.......................not even Avanti.