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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (7578)12/21/1997 12:32:00 PM
From: RRG  Read Replies (1) of 20681
 
Someone mentioned the possible use of debt financing as preferable to equity financing since it has the possibility of not diluting equity, providing, of course, that you are able to pay it back. I agree--leverage is great, but IMHO we are a long way from the time when bankers will be throwing money at Naxos. Bankers have this very strange attitude of wanting to know how the debt is going to be repaid; and at our present juncture----- no certified numbers, no processing plant up and running, etc. I think we would be laughed out of a lender's office.

BUT WAIT---when we have certified tests, homogenity of FL is proven, the pilot plant is up and running, and PM's that we can see and touch ARE BEING PRODUCED------then, fellow threaders, the bankers will be THROWING MONEY AT NAXOS
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