Complete Balderdash.8 Feb 2019 12:54
Banks, Investment funds, Finance funds and wealthy Personal Investors are not stupid.It is nonsense to think or suggest that there is some line that a Company must pass before the aforementioned parties can adjudicate whether a venture in this mines case exploration to processing can be financed.
Within the groups I mention many have their own area`s of expertise and stick rigidly to these, some do house building, road building, and large construction projects.Others vehicles and agriculture.They have their own in house experts or teams of such and diversification plays a large part as no one wants a small limited sector.Mining is no different and specialists abound in these organisations.I would comfortably state that there are thousands in the industry who if approached could "walk the Land" and put a proposition forward with their recommendation within a timeframe of a week.
If in house they do not have an experienced qualitified team in the designated field normally a telephone call will suffice to get one.
If the venture is good enough and presented properly money will always be obtained at whatever stage, to say otherwise shows the limitations in knowledge some have in Capital raising.Yes many outfits depend on finance but equally many depend on lending to earn a crust.
I have been there and can inform you Kodal if they have people worth their salt will be readily financed with only the terms,interest rate and arrangement fees causing difficulties.
That is why many have previously stated we are listed in London, the home of packaging acceptable deals to both parties.What may seem problematic to some is a normal days work to others.