GREY:NMKEF - Post by User
Post by
TeddyBearon Dec 11, 2019 8:07am
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Post# 30442903
No conspiracy with NMX
No conspiracy with NMXbut for retail no way to trust management, sell soap since years.
Do not mean project will fail far from that, mine is well advanced, material on site, but C$600M not enough, need 350M US to refinance bonds maybe second stream tranche of 75M ... a lot of cash.
PG in any case will make an excellent deal for first C$400M will own almost half of project and just mine is worth 1Bds.
But remain risky for retail, not for PG as in first CC seems at ease for bonds refinancing, but could still dip to 10-15 cents, no certitude PG and NMX will extend end dec deadline and nobody knows how they will refinance bonds.
Retail represent little and will represent peanuts after full funding.