Replies to post #110081 on Sino Agro Food Inc (fka SIAF)

[snow]

RD If we assume that 3 future buildings will cost an average of $ 60 million dollars all 18 buildings would cost $ 360 million. This is substantially less than the 500 million dollars that are to be raised by the pre-IPO of 150 million dollars and the IPO of 250 million dollars. In addition comes the fact that if production is for instance 40,000 tons this is supposed to generate about 160 million dollars that can be used to pay for more buildings. I assume that Triway can get sufficient credit to finance working capital needs. Things look a lot better than certain calculations if it is possible to raise all that money in two sales of shares.