GREY:SWYDF - Post by User
Comment by
mjl777on Jan 07, 2014 5:26pm
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Post# 22067366
RE:RE:RE:Some news I found in a SWY Facebook post
RE:RE:RE:Some news I found in a SWY Facebook postHe appears to be referring to the project finance facility that will be provided by the banking syndicate. But, it's surprising that he confirmed that 50% of the financing is secured when the debt financing would typically be contingent on confirmation of the equity finance component of the overall project financing. Semantics maybe?
Anyone else wonder why the capital cost of the project keeps increasing, whereas, part of the dilutive financing raised in early 2012 what suppose to absorb some of the capital costs?
I guess we'll see confirmation of the project finance facility soon. Equity? I would bet that we continue to get lip service and very little in the way of delivery that enhances shareholder value.