Resgen funding, page-35

First 35 Last

Share
Profile

Follow
Crisis77

5,694 Posts.

345

10/12/15

18:44

Post #: 16589573
Share

Originally posted by TheOverseerer ↑

The meeting for the vote was called well in advance of the finance being arranged. Perhaps a different way to look at it would be... announce meeting to discuss potential changes to the board... then magically announce finance (perhaps to save face/job).

It all depends on which side of the coin you look at it from right?

And Crisis77, if someone offered you $480m Euro wouldn't you want to know what else they have lent into before? What about where their money comes from? Its called Due Diligence. What were the terms of the loan? Was there equity kickers attached? What about a dilution event for existing shareholders. Did you see a copy of the MOU or terms? Did they even exist.

These types of funders? Who are the others?

As I mentioned earlier, in a depressed coal market with Noble only having a billion in free cash themselves. Do you really think they would commit say half of that to this? Really? Noble make their real money when the project gets going.

Knowing Noble well (having dealt with them many times in the past) if there was an opportunity to have someone else fund the deal and then get the spoils of war (the sales contracts which they make a cut of the price) then they will be the last group to put their own money in the deal.

Expand

Hmmm 9 posts since September this year when this sheet all started with the takeover. All posts trying to put in question PJ's integrity, experience and the economics of the project. Plus you hold no stock but seem quite interested for something you don't have a financial interest in. Also a couple of others with 1 post floating around.

Are you a Noble representative or one of the new board?

RES Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

PAT

Patriot Lithium eyeing up Zambia-based Katawaro copper project

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA