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Arianne Phosphate Inc V.DAN

Alternate Symbol(s):  DRRSF

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate deposits located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits produce an igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company is specialized in the extraction of independent phosphate rock. The project is an undeveloped phosphate deposit globally. The Company’s phosphate is used in fertilizer production, preservatives, animal feed, fungicides, water treatment, the beauty industry, metallurgy, and advanced battery technology. The Company's subsidiary is 9252-5880 Quebec Inc.


TSXV:DAN - Post by User

Bullboard Posts
Post by kemano01on Mar 11, 2016 11:03am
295 Views
Post# 24647987

Financing Package

Financing PackageDruidmix is right on with his comments and analysis. The only area that I would debate is the timing of the financing. I sense that there will be news in the upcoming weeks about a initial financing package to get the detailed engineering going, and order long term components. There is a lot of heat of the company to get results, especially with their policy of over promise under deliver. The community is getting nervous. Why is the stock price so low, People are concerned about the financing. The financing is a difficult and complex process, and it is taking a great deal of time because of the mining depression the industry is in. They can then work on a more comprehensive final financing to take it over the top. As a reminder, it has been posted on this board many times, dilution is a very last resort, Windermere wants $4/share. Great post Druidmix, keep it up.
Bullboard Posts