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Paladin new strategic alliance

  1. mushroom one

    1,178 Posts.
    Mr Borshoff said the additional $US50 million shouldn't detract from the company's position but suggested it implied the miner intends to use the funds to facilitate a strategic alliance currently under discussion.

    "You could infer that our strategic alliance discussions are going very well and that extra $US50 million component is to facilitate that," he said. "So that's a very big positive and completely at our discretion because we only need the $US100 million for the November bonds."

    Read more: http://www.smh.com.au/business/mini...ports-loss-20150212-13c922.html#ixzz3RWnW5ffZ

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