RE:RE:RE:RE:Adelaide Interview About DFS AvailableGrumpyInvestor wrote: What's really important is that the team that Kevin has put together, including Ted Kavanagh with his experience and contacts, can get the best financing deal (debt + high priced shares) for the $270 M we need to set up our mine. That won't be an issue for many months from now. So, I hope that we can keep growing steadily from now untill then with good news on the progress of environmental work for permitting, discussions with first nations, results of ongoing drilling in NFLD and Goldboro, and finally some good numbers from Argyle.
Yep, I agree with you for the long term of things. But there will be 30% to 40% in equity in the financial package and negociating it at 60 cents is not the same than negociating it at 1$. We need to have the SP increasing where it should be thus the need for a more agressive promotion.
Also, Kevin mentionned that they might need to raise Flow Through financing for drilling out the western part at Goldboro. Once again, raising those funds at 60 cents is not good for dilution.