Not there's some excellent replies to my original post, especially from pavbar. Absolutely refreshing to have a logical discussion about it rather than some of the drivel and shouting you get on other strings (that have typically been taken over by tech savvy multi-nics) if you dare to raise questions.
$35M is still a lot of money to find (especially in the current markets) and in my experience a good bulk of that (if not all) will need to be equity or some quasi equity (like convertible notes etc). Sometimes a chunk of that equity will come in the form of a cornerstone shareholder, and also that can is some situations be the off take partner as well if they like what they see.
An off take partner with a large chunk of equity to fund the project as well, now that would be something.
HXG Price at posting:
79.0¢ Sentiment: None Disclosure: Not Held
