What not to understand? PetaBull predicted this month ago. As a trader you want a "Quick Fix", but for most of us -"Longs" this is a great deal, getting out of DB, having money to develope L/P and spin PDI. 2013 will be outstanding year for longs.
Mr.Petabull never bothered explaining where the money was coming from in his one sentence statement. IMO he implied it was coming through a land deal with Inmet and it would be money gained through a deal and not a loan. Whatever. If they acquire the $140M from the loan it will hopefully accomplish what we need it to do and maybe down the road we still get a payday from those land concessions that Inmet/FQ will eventually need.
The main thing IMO is that this loan money gets us out from under DB and moves LP forward, which hopefully moves us to another level.
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