BK single handedly arranged the upcoming Traxys financial package.
This is the fifth agreement he has made with Traxys.
Traxys have a revolving debt facility of $2B which they hold in reserve to support new mine developments (ADN needs $100m).
In the Traxys (Tx) announcement it was announced that Tx would support ADN pre (and post) Final Investment Decision. Let me repeat that ...TX will support ADN pre FID.
In other words, as of Monday, an announcement could come at any day that TX has transferred the first tranche of money to begin the building of The Great White Project.
Boom. 10 cents.
Cheers BK.
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27 | 8424823 | 0.006 |
17 | 14206199 | 0.005 |
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3 | 8600000 | 0.003 |
Price($) | Vol. | No. |
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0.009 | 19979478 | 26 |
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