Almonty Industries Inc T.AII

Financial

[Ilovegame]

He ignored the pronounced financial closing. Drawing another big pie. Could we finish the first goal please? BTW, for the additional 50m, do we need to do refinancing? Longer time?

[TradingKiwi]

I suspect this is still very close.  I assume this would need to be completed by end of next month if full payment or at lesat part payment is due when all the equipment is delivered onsite.  

[therunner]

Ilovegame, what do you mean with "he ignored ...financial closing" ? All steps for the KfW-loan for the Sangdong project have been taken, the only thing missing is the actual drawdown of the funds from the bank into Almonty's project account. Lewis Black has explained this very explictly this week: Drawdown of the KfW-Ipex Bank loan has been unnecessary to date as our equity

[lonade]

i can understand that it is difficult for some to comprehend the project financing process. I have attached below two links that provide somekey information to our case and has all the info required to understand all the steps that management has gone through and will go through in future.  https://www.lexology.com/library/detail.aspx?g=1f327868-5f9b-4a44-9b84-380d125109bc https://www

[QuarterDollar]

For those who don't understand financing, well the one number that sums up Almonty is rate of the loan i.e. the Rate of Risk which is the 3 month Libor Rate plus 2.5% which equates to approx 3.5% The experts have analyzed Almonty and given then a very low interest rate because the probability of failure is extremely low and potential success is extremely high...... Nuf said.

[QuarterDollar]

OMG Ionade.......your comments regarding the guy sitting across the table brings back memories and I couldn't stop laughing.....too funny. Although I work in a different industry, that guy sitting across the table always seems to appear no matter where you work. thanks for sharing financial info!