Post by
wayned on Mar 10, 2015 8:40am
WOW!
I wondered how they were going to swing it . Amazing . All that money and no dilution . ( a few warrants ) The one sour note would be the interest . 12% but in this market it`s hard to believe they got anything . Job well done .
Comment by
wannabeinvestor on Mar 10, 2015 11:01am
12% interest for a non-operating deposit is very good. Trevali paid 12.5% on a note with equity kicker when they did their last financing in May 2014. Nevada Copper has a facility from Red Kite at similar cost. This is a great move by FCV, these guys do think about shareholders. Sure enough, they are the largest sharholders. Hope this ends up in a re-rating of the stock.
Comment by
wayned on Mar 10, 2015 3:58pm
In the years I`ve held it there has been little dilution . They always come up with the money through reselling projects . Keep in mind they have a very nice copper project that could bring in some money under the right conditions . So far they have always looked out for shareholders . Very unusual in this business .