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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (74036)	10/19/2012 11:58:54 AM
From: baystock	Respond to of 78410

>>There seems to be significant concern over on the SH thread about the length of time it is taking them to complete this latest financing or in some cases, whether it will get done at all or whether it will involve significant dilution. << Did I mention that Gran Colombia is the cheapest producer you can find, if you take into account their production growth profile ? My point being that the risks you mention are priced in. Most juniors are having problems raising money these days. Yes I know Dynasty probably does not need to raise any more money, but then there is the awful reality that Ecuador is ranked as one of the world's worst mining jurisdictions for foreign investment. The facts are that Gran Colombia raised $275 million in 2010. And in 2011 they raised $80 million thru an innovative silver price linked notes financing. Medoro which had the same principals as those now running Gran Colombia and was merged into Gran Colombia, had previously done an $80-90 million financing in 2009 I think. Now Gran Colombia is in the middle of doing another $120 million gold price related debt financing where the proceeds will be used to expand production at Sergovia to 200,000 oz per year. While there is no guarantee it will get done, the track record of financings by this company over the past 3 years looks to be vastly better than most juniors.