re: Ann: Rockland Copper Project - Financing ...
Hi shadow boxer Yes I would think if you factor in some NCu or perhaps the remaining 40% offtake this facility will get them all the way, infact they may not even need to draw the whole facility.
Its important imo to consider that this now leaves the company in a position where further equity placements are redundant and we have one of our Chinese shareholders seeking FIRB approval to increase their position. It would seem now that if they wish to do so they will have to buy on market. The provision of financing thru to production may now also enable some insto funds to take positions in CDU as their mandates allow
CDU Price at posting:
$2.14 Sentiment: Buy Disclosure: Held