RE:RE:Atlas Salt Enters Strategic MOUmos def a positive development! i dont know that it matters much what the terms of the financing are, it's financed, that's the point! not equity!
so do we need around 325M now? needed about 407M, and about 72M in contingency, although i dont know if we need all that. and 73M was just accounted for :)
dissapointed in the market reaction to this, and to the pre-sold MOU for about HALF of our 1st yr production!
i'm thinking there's another MOU coming for this part, the bulk part. From the MOU to Scotts - "
The non-binding MOU does not include the sale of bulk road de-icing salt, and excludes the provinces of Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia, subject to certain exceptions with respect to national accounts and expansions of existing relationships that Scotwood has with retailers in the United States that have Canadian affiliates doing business in those provinces." so we've put to bed about 73/400 = ~18% of the money needed. we're showing MOU for 1.5 x $50 = 75M in profit for yr1, but we sit @ 60'some pennies!?
what's it gonna take to make this move!?
next up would prob be permitting? i would think we couldn't move on that if we didn't own the land, which i didn't know - but that's been resolved. permitting, then full financing?
and speaking of financing, are we gonna see maybe a good sizeable chunk of debt financing happen 1st, then a later round with the rest being a combo debt/equity? if so, i wonder the implications are that our SP is capped until we know the entire full financing picture... plug gotta get thru any tax loss selling season, and we could be sitting on some losses, which we're down a lot so i'm wondering how painful the next couple months are gonna be.. some good news, better news into the end of the year?
anyways, GO SALT GO!! nice work on financing the equipment!
jazzlistener2 wrote: positive development. but vague on the terms of the 73 million financing. the whole story wiil come out eventually I guess.