EXPM:QRMLF - Post by User
Post by
RTOon Mar 25, 2017 8:18am
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Post# 26029947
MOU For Equity Investment in QRM
MOU For Equity Investment in QRMThe short and long perspectus describes a "potential" U.K. investor who has a MOU signed November 1, 2016 to complete not only the commercial scale pilot plant, but also the feasibility study! BUT WHO IS THIS MYSTERY INVESTOR?? Sounds more like a strategic or J.V. partner to me considering the significant equity size of the financing. It also explains why they only closed a first tranche for only a portion of the intended financing. Probably just for immediate G&A but more importantly to awake the giant. In a previous post I predicted that this may happen, but now we have confirmation of a MOU with a term of nine months. So I would expect that from now to August 1, 2017 that a major announcement is possibly in the making. IMO, sooner rather than later as not to delay process milestones with I.Q. & SDTC. A JV partner is the single most important value generator for a mining company. Who could the U.K. based company be.