DGR 13.8% 2.5¢ dgr global limited

SOLG Capitulation, page-68

  1. 15,158 Posts.
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    With the news senderos outlined above I might be more encouraged than others. The reason being I was really flummoxed as to how Solg would get the money to develop the project rather than just selling the whole thing and BHP & Newest (Newmont) wouldn't want to do so. However, from the situation with RXM (Rex Minerals), I'm in and is now pretty much a done deal. The way they are doing it is to JV selling an interest in the project say 25% for enough cash to, close to, fund the equity in the deal to fund their share, in financing the project build with say 65% borrowing.

    Now I don't want to have to spell it out but both sets of rumours:
    1. that Cascabel will start small
    2. that other players could come in.
    plus BHP & NCM staying in the game. Seems to provide a viable path forward to me anyway.

    All IMVHO.




 
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