RE:RE:General Moly Comparisonjph.............you're right when you suggest that if AJ can pull the rabbit out of the financing hat, we'll be good to go. If he doesn't, then the inevitable conclusion is RCF takes over the asset and does with it needs to protect its investment. While RCF (37% of Avanti) is currently owed 20 million, that will go to 60 million after the 40 million PC loan is closed. CEF I believe is owed 10 million. Then comes the rights offering. When will Avanti get in fron of the german lenders? That opportunity came with the ThessonKrupp offtake agreement. While SEah hasn't agreed to anything yet, they apparently have a roaster in S Korea which feeds some of Asian Moly demand. They may very well agree to off take at some point. And of course there is always the strategic partner.
The presentation supports the urbanization thesis. That translates into higher demand for refined steel products. That's good.................
Let's wish AJ and company the best of luck in their efforts to make this happen. We should start hearing somethings sooner rather than later. We are down to the short hairs...............When it happens allow me to buy everyone a virtual drink................