GREY:ABGPF - Post by User
Comment by
1stRuleon May 17, 2016 12:13pm
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Post# 24881300
RE:RE:RE:RE:NEWS: Alabama Graphite Corp. Announces Proposed Non-Brokered
RE:RE:RE:RE:NEWS: Alabama Graphite Corp. Announces Proposed Non-BrokeredWe may be focusing on the wrong portion of this though. It's only for something like $500k, and the purpose is to work on improving their process. Not working capital, and not their feasibility study. If they're not using it for either of those at this point, it sounds a great deal like the off-take agreement their earlier update mentioned includes funding for the FS. We could be significantly closer to a major move forward than previously thought.
VIKINGSTORM wrote: It's not weird if they already have a lot of indicated interest in a PP. I think it might be just a way to incentivize an interested party that can facilitate a path forward. Why else would certain insiders also express interest unless they weren't confident about going forward ?
They released the news because they have to but if the PP is already mostly or completely spoken for then why bother advertising it ?