Ann: Trading Halt, page-91

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Utrade1234

227 Posts.

02/03/15

12:20

Post #: 14843813
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Originally posted by Riskon22 ↑

The way I see it is:

If I were sinoma I would certainly want to lend to MNS as you are their product buyer. It's therefore, a no risk loan for sinoma.... you are assured of repayment because you are involved in building, construction and end purchase. You are involved all the way along until money's are repaid in full i.e. through your construction and purchase you are responsible for your own loan being serviced. No brainer for sinoma.... they would probably be happy to provide 60-100% of financing. Plus, if we borrow from sinoma our risk of them walking away from the off-take is virtually zero.

I think for MNS, an announcement of finance from one of its off-take partners is absolutely superb

I imagine no further details can yet be provided on the financing arrangement as they are still being worked out.

With managements ability to convert MOU's to off-takes I have no fears and will sleep well tonight.

Plus, I think it's pretty clear the goal is production as soon as possible and to be able to get financing from sinoma circumvents timely details that would likely need to be provided to banks should they be the lender(s).

Anyway, I'm comfortable knowing financing is progressing well and that specifics will be provided over the coming month (2 max).

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Riskon22 i share your rational thats why im pleased to see an offtake partner come to the table

MNS Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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