Saturday, 21 September 2013

Red Kite Mine Finance - Orion Mine Finance

A story noted by both IKN and CEO.CA
Lewnowski wanted to pursue a strategy of building a portfolio of smaller mining firms while RK believed mining finance should be strictly tied to offtake agreements, said a source with knowledge of the matter, declining to be identified. 
Their list of previous transactions is a very mixed bag... One of the first ATW was a disaster for stock-holders, Great Basin went bust, Norseman Gold fell hard. But perhaps if you provide the finance secured on assets there is something to be gained, Golden Predator, now America;s Bullion Royalty look set to lose assets to Red Kite. Some of the other companies in the deals are more respected.

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