GREY:NMKEF - Post by User
Comment by
HabberPleaseon Apr 20, 2018 7:20pm
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Post# 27920327
RE:RE:so these bonds
RE:RE:so these bondsTo TimeOutOfMind...
Look Time, you seem like a nice enough guy under all that negativity… so I’ll try to clarify my previous post as best as I can but bear in mind, I’m a French Quebecois and English is not my first language.
Recently, I kind of went through the same thing but at a MUCH lower scale… Not so long ago I worked for a company in need of financing for an overall upgrade of its production plant. It took almost 2 years to secure the financing. We had multiple financial partners for our project such as IQ, DEC, MDEIE plus an addition of private capital in order for those institutions to further dilute their risk… and almost all of them sat on any available asset we already owned… plus the new equipment (once it was paid off)… and receivables…
How can an institution use an equipment you don’t have to secure a loan in order for you to buy this particular equipment you ask? Well… it makes for a very creative Gantt chart I can tell you that! But that’s why you have multiple partners for a financial project…. That and risk dilution.
On the other hand, in regards with NMX, we’d need to know the exact description of “the Project” to see what are the reference assets!?!
By the way, as for all the delays in order to complete the overall financing… imagine each partner has their own sets of conditions but one common between all of them is that each partner be part of the financing of the project!
I’ll give you an exemple.. Developpement Economique du Canada (DEC) requested we met all of Environnement canada’s requirements in order to receive the funds from their loan. And one of those requirements was having a valid “certificate d’autorisation” from the MDDELCC… which can take forever believe me! So, while you can advance in your discussions with some partners, it might be difficult to seal the deal with others if they need proof you’ll be able to satisfy the sets of conditions from another partner.
I know my rambling is not very clear but basically what I’m trying to say is delays are normal and so are those types of deals and guarantees involved. I know it sucks… we all would like for it to be done with and watch the SP go up… but let’s all be patient and see what they’ll announce on the 25th
GLTA !