TSXV:AAA.P - Post by User
Comment by
mylar1on Mar 10, 2014 12:45pm
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Post# 22303080
RE:RE:RE:another end of a work day...
RE:RE:RE:another end of a work day...flimflam, your previous post would lead a reader to believe that ICL was providing a guarantee for the AAA loan, if they get it. There is a difference between needing an offtake partner to get a loan and ICL guaranteeing the loan. Even you are bright enough to see that! As far as a billion shares outstanding, well FA is quoted as saying 1/3 equity and 2/3 finance. The 1/3 equity is approx. $215,000,000. If they are lucky at 40 cents a share results in 537,500,000 more shares plus the usual give aways for arranging such a deal. Based on that why don't you calculate the number outstanding and post it. If you use a higher share price, please justify it. Until I see something to the contrary, it is ONE BILLION outstanding based on current information available and I think 40 cents per share is generous!!