Sounds very far fetched.. any precedent for such an event.. i certainly had not considered this.
Financial via offtake partner would likely mean issuing new shares.
Selling it may be a long method of which to obtain money... to long imo for it to be a feasible option.
Perhaps they can just sell the entire project after the revised DFS.
I hope, and have some faith at least - that Simon had anticipated this eventuation, ie: requiring more cash with which to completed the revised DFS in order to get financing for the project (not essential but should turn out to be more favourable for us!)
Do our Chinese 25% partners stand idle and watch us raise at lower levels? I think it would come down to some serious calculations.. if they are better off watching the SP drop another couple of pips.. then it may happen.. if they are serious about this project and securing the metals with which we extract.. then it would make sense that they finance us (possibly through issuing of shares) or by future production (that would be amazing).
A fully financed option through our 25% partner would be incredible!
It was always going to be a huge mission going from a penny stock (half cent now!) to a fully fledged miner.. and always meant huge dilution or sleeping with the devil we DO or DONT know.
What is happening with Coppermine / Barney?
PMY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
