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Streaky Bay Council - a story of a Mine Agreement, page-10

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lightbulbnz

1,204 Posts.

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18/02/24

21:48

Post #: 72473494
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Originally posted by TheEndTimes: ↑

u laugh because of ur level of understanding.

u speak of getting this funded like ur going for a car loan. doesn’t work like that.
immediately like it or not they’ll look to history - the last time this occurred in Oz and it was skardon river. this is ultimately why JM was moved on. to give it the best chance.
no financier would lend 100% and u couldn’t service that debt in any event.
no financier due to the opaque nature of the commodity would run off ur numbers alone. they’d 100% call around and have them verified and most likely call the only 2 operators in Australia both of which don’t make money.
this would not bode well despite what you’ve been told about best in the world and everyone lining up etc etc.
lenders aren’t on HC
So ur left with 1 kaolin company blown up and 2 that don’t make money.
On that FACT I doubt they’d even do a 50/50 debt/equity with most running 13-17% to rent the money. there’s better deals for them in this risk on environment. Companies are trying to fund mines with commodities that are traded at the LME that are 100% KNOWN and they’re struggling. u think with the history of clay in Oz ur opaque clay stands a better chance? I know ur not that dumb.
zero chance
if Traxy’s can sell ur clay they have a balance sheet that most definitely could effect this transaction. it would also suit them because they’d clip the ticket both at sale and get an interest rate.
as I’ve said numerous times they are ur only play.
and this is 100% dependent on if Traxy’s who’ve NEVER EVER sold clay can sell clay.

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just remind me

what's your interest in ADN

Why keep posting in a stock you say you don't own?

- disgruntled ex holder who bought at 40 c?
- disgruntled ex skardon river holder??
- shorter??
- something else??

please tell ...

ADN Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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