Financing speculation It seemed that 7-14 years ago, Tim and others (restating) Tim's words, were that when we have a mining licence, we can finance the rest of the way through equity financing (from a lending if I'm using the wrong term).
I haven't heard that talk as we've gotten close to that long term target. And it begs the question, is Step 2 and officially a licence, or is it just a step, and Step 3 is really the licence in a lenders eyes?? Perhaps a little of both??
To take a step back, there don't seem to be any hurdles that we can't overcome, other than maybe having a small amount of capital to get Step 3 done. I guess if worse comes to worse, after Step 2 is done and if share price doesn't rise and stay there, and no one brings a fair deal, we take a bad deal and give a bunch away. I am certain we have low ball offers now, but Tim laughing them off. I'm sure Osmose didn't just slink away, I'm sure they came back with a much less attractive offer as our share price retreated.
What I feel needs to be done, and maybe it is being done, but Tim should be going to the European Commision or EDRB (whatever they are called) or the Canadian gov't and make a case for some short term financing. If the Europeans want Boron and/or growth and jobs, step up. If Canada wants business development, cough up.
The amount of money we need is peanuts and should be an easy get. I really do not feel like Tim is working that angle though. I think it's easier sitting behind his computer and doing virtual presentations and snagging the odd new small fish for the old reliable PP list.
Another thing, if we could get a decent sized loan, we become secure. If someone wants to buys us, the time would be soon them. Investors would have to buy on the open market and SP would rise, warrants would be redeemed and/or expired on fast track clause, greatly reduced selling pressure, and so on and so on. This current PP cycle is a spiral downwards that most here don't see, clouded by their own warrants(perhaps, and in some cases). Another thing, there must be people that do this stuff. "Go find me a $4M loan, we will pay 14% interest, and we will give you a $250,000 finder fee." Now that would be a good deal for both parties. I would be willing to bet there are current shareholders that would handle that?? It's a great loan and it would crank up your rather abysmal investment here. Have you asked around about something like that Tim??
I guess time/Tim will tell.