Sino Agro Food Inc (fka SIAF)

[treit2002]

The choice they have is to wait to finance until there is a propitious rise in the price of the metals and their stock prices soar or just go ahead and bite the bullet wherever the price may be at the time they need money

Junior miners are years away from cash flow. They do have no choice.

SIAF is not comparable, really on many, but two major counts:

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1) They are financing the last $15M of cap ex of over $100M. They do not have to do this. They could limit cap ex to $85M, if they plan properly and the share price is so low that the ROE isn't worth it (which it isn't). Junior miners have no such leeway.

2) SIAF has a clear and near catalyst to higher price, the FN listing. So, why not wait? Additionally, the FN listing greatly aids the plausibility of a bond offering (JF).