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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on Oct 29, 2014 1:52pm
150 Views
Post# 23072909

RE:jd.... now money?

RE:jd.... now money?BP, you're right. We have had this conversation before not about looking good on paper but financing......several times!! Nothing is finalized so therefore no official news has been released but based on what I'm hearing the production financing will be a combination of either a streaming deal OR a gold royalty note combined with debt financing, probably a 50/50 split. I have further heard there is no shortage of interest in financing Kobada through to production. I do not expect anything to be finalized on the production financing front until such time as the FS is complete and they have the mining licence in hand. This is the logical way to proceed and then all the information is on the table that should de-risk the project and enhance or at the very least not hinder AGG's negotiating leverage. Based on this scenario I would see a small equity raise for general working capital purposes at some point probably after the scoping study is released or even the complete FS, probably $2 - $3MM at hopefully a significantly higher share price then current price. I'll comment a little more on todays press release later as I do have a day job but todays news is great news and it's very significant to overall project economics!! To bad the market is broken right now. GLTA
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