OTCPK:GWAXF - Post by User
Comment by
imerc23on Jun 24, 2014 9:30pm
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Post# 22691624
RE:P/P is closed=Onward and Upward!!
RE:P/P is closed=Onward and Upward!!
Yes, this is intriguing news. And I think there's something else being hinted at here. For some reason (that isn't spelled out) Fortune Future Holdings isn't putting their money in all at once, but rather in two tranches. They're planning to invest $3.8MM into GWA so that that the mine plan and pre-feasibility study can be completed.
But, if we read between the lines, what I'm seeing here is that FFH has deep pockets. And I'm guessing that the reason that they're paying to have the PFS completed -- and to put two of their people onto GWA's board, where they'll see the results of it before any outside investors -- is because they have the funds to actually build the mine and put Bradshaw into production, and they're seriously looking at doing exactly that. In other words, they're not just looking at two tranches totalling $3.8MM -- they're potentially interested in additional financings that will lead to them owning this project