MXR 2.86% 18.0¢ maximus resources limited

innovative finance alternatives .open the door

  1. 3,267 Posts.
    Financing of projects is a critical issue for small companies with excellent assets.
    Fortescue have used inovative funding sources via foreign debt investment in conjunction with production and product agreements.
    This avoids foreign investment review board approvals.
    From the PDZ company extract that provides some alternatives in financing capex ......

    "Alternatives for development at Prairie Downs are currently being evaluated given current market conditions, the expected increase in total resources and the addition of copper. Standard project finance comprising debt and equity is an expensive way for junior companies to develop resource projects. Consequently, Prairie Downs Metals is seeking to use metal contained in its resource to assist in financing development. Alternatives include a joint venture with an end user or corporate partner, pre-payment from end user, off take with end users or traders, premium share issue tied to metal rights"

    The summary by PDZ and the methods of raising funds by FMG is something along the lines that I would expect MXR is considering for the various commodities at Narndee....
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