RE:RE:RE:RE:RE:RE:RE:RE:Cost to complete recommendations in Revised tech reporteldreco wrote: Amen, Braindead!
el d
braindeadoldguy wrote: Mr. Collin Kettell is the money business. That's what he does, and he will find it when required for any project going forward. That is not a worry, or even consideration for a discussion. Before anything is announced, the financial side will already be taken care.
B-dog
Palisades is in the equity financing business (private placements, preferably with warrants attached).
From the Palisades website: "Since the start of 2020 Palisades has financed over 100 juniors through private placements with full warrants and at a discount to market.
Palisades will ride the bull market’s exponential rise, even further leveraged to the upside through this warrant coverage."
Further, Kettell may not even want to be a part of any mine-building exercise period re. NFG as (again) quoting Palisades website: "Palisades builds control positions in strategic assets in top rated jurisdictions.
These larger investments are selected on the basis that they will be of interest to larger companies, providing the potential to realize change of control premiums in addition to value appreciation."
NFG is one of the logos shown below the above text.
I'm not sure Kettell or Sprott can even provide per-emptive financing out of their personal funds as I would think this would be an obvious conflict of interest since both Sprott and Kettell are NFG insiders.
That having been said, I am quite confident NFG will get the debt financing needed after they meet the criteria outlined in my previous post, but not before.
As far as getting debt financing when NFG next needs to raise money, I can't imagine how that might even have a remote chance of occurring.