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Re: None

Monday, 10/15/2012 3:45:49 PM

Monday, October 15, 2012 3:45:49 PM

Post# of 11963
I have the same concern about share dilution, but there's a couple of things that alleviate my concern. With the amount of money required to fund these projects, they could never issue enough shares and find enough buyers at the current prices to get what they need. The other thing is that they've indicated that their intent is to use debt servicing for a portion of it and an equity stake in the pellet plants for the rest. I don't like giving up equity, but ownership of 70% of a pellet plant is better than 100% of no pellet plant.

Phillipp