RE:RE:RE:RE:Pieridae agent receives financing proceeds of $33.22MAIMCO clearly supports. Presumably they will take repayment ot the $50million term loan rather than roll that in as more equity. The pending junk bond rate loan is partly for that, and the optics would be poor for AIMCO to not get the money. Doesnt stop them from cycling all or most of it back as more share purposed.
I am very skeptical that there is any more than an appearance of possibly better capital availabbility in gerneral. But PEA does not need Canada for investment and has never relied on it. Those roots are in Europe (not only Germany). If the Alberta govt gives incentives: icing on the cake that could help reach tipping point. But not decisive.
roscoe74 wrote: AIMCO has agreed to take equity for interest payments on the term loan and purchase more shares "on behalf of certain parties".
I see the capital availability landscape in Alberta changing as the new government offers funding as well as confidence to new projects that support energy exports. I think there are very deep pockets in the background who wish to remain anonymous for now.
I still have concerns about the pipeline capacity to Goldboro but, the lack of news may have more to do with keeping the econuts at bay than actual pipeline issues.
All in all, very good news.