One of the reports from the Thursday event was that Mark S. seemed very confident that the rest of the financing was lined up and he was not worried... if that is the case would we not think that the equity financing would trigger a fairly quick subsequent debt financing? i strongly believe so.... as well the equity arm (GXII/SPAC) probably believes that too , or they would not have taken that step and put themselves out on a limb..... remember Mark saying it was like a dance where both equity and debt financiers like to see the other go first before they make the next move.... and if they had not had debt financing wrapped up, i don't think GX would have made the equity portion merger.
IN other words, and as others have reported, with the merger closing, the debt financing should not be far behind, they were contingent upon each other, and management has repeatedly said that the construction would not start without all financing procured (and that is a logical stance- because why would any entity provide partial financing if they were not very sure that all financing is secured, their risk would be exponentially higher if the other finance piece wasnt a foregone conclusion......... that again is why Mark S. (reportedly) said, during the Thursday event, that he is not worried about the other piece of financing (and i would surmise that the other part(s) of debt financing would include government capital, with Jim's close contacts and NIO being the 2nd largest mine, and the urgency to get mines operating.... etc. etc... .........
So i would respectfully disagree with the part of your opinion that they (institutions) might not jump in with both feet, because the mine will not go forward with construction without having all financing set up, and not waiting for other financing (debt) to come "closer to completion- when all required funding is locked up".... there is no way they will let the mine get closer to completion before having all financing lined up.... it (financing) will have to happen up front, in order for construction to continue, Mark has said that in the past.......... SOOO, instututions should be exposed to the resulting merged company fairly soon after the SPAC merger- as opposed to having to wait for the mine to be "closer to completion".
NCT
