Post by
Kidlapik on Jun 06, 2018 3:52pm
10% for $50mil?
So say PGD cannot come to terms with a major miner for 50% or more of the project due to the disappointing market conditions or that some of them are just finished large expenses. De Beers just finished off Gacho Kue, DDC got a buy-out, Stornoway just getting ramped up that sort of thing. Is there any precedence for a financer such as a Sprott to take a minority position in a project to move forward? Such as a 10% equity stake at say $40-50million?
Comment by
shneps on Jun 06, 2018 4:41pm
Remember too, you don't get invited to a Sprott Symposium without being a promotional tool for Sprott's financial interests. This invite means Sprott, almost guaranteed, has his hand in the proverbial cookie jar. 10's of millions of shares have been exchanged since the last rights offering. Who's hands are they ending up in? Cheers
Comment by
diamondyessnono on Jun 06, 2018 7:17pm
This post has been removed in accordance with Community Policy