Fabled Silver Gold Corp T.FCO

RE:RE:RE:RE:Floundering

[AyuFan]

I doubt they want to time the market, financiers and off takers also know that strategy as well. The negotiation should discuss the pricing of the product. . They can negotiate for a price based on the spot price at the time of production. (I.e. they sell at 85% of spot price until financing amount is repaid 110%.. then they sell at 95% for the next 3 years) . The company does not have sufficient money ... 35MM are used for pre construction as disclosed at the bought deal offering in February. The options were not forced conversion... the expiry date was shortened due to the share price... but options holder can let the options expire worthless (that's why they are called OPTIONS) . Warrants are the same... Warrants are basically long dated options. So.. yes.. ecobalt needs financing and /or off takes to take to the bank for financing. Timing the market is a gamble.. and large shareholders already express their concern on delays, hence, gambling on spot price and financiers' negotiating skill will not go down well. If spot price goes up.. fiananciers can just wait for spot to go down.. the mine isn't ready for 2 years anyway. .. ecobalt needs the money more than financiers want to pay.