Sour grapes? Like I missed the chance to get on board? Have you seen the share price lately? I had not had time to read the full plan to production so was not aware of the details. I am just pointing out that the outlook is good but the road to production is rarely smooth and your comment that securing a $100m debt facility for a company valued at $20m in Africa will be a breeze reveals astounding naivety. I hold two miners that took over 5 years to get to production because they went the debt financing route. I agree debt financing is usually best way to go as it avoids share on issue dilution (which in my mind is the biggest killer of shareholder value). However in this case a combination of debt plus JV might be a faster road to the end game especially if the partner is one of the customers for the product. This route puts a wind at the back of the process. JMO.
PM8 Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
