A $7m market capper apparently in “commercial production” now wants to raise $20m in debt. These are the things that only ever happen in the Canadian junior capital markets without a whole bunch of people laughing out loud.
And by the way, the reason commercial production is between speech marks up there is that I’m a bit of an old stickler and traditionalist about these things and my idea of “commerce” is when a company makes a profit. To date, Inca One has not posted a single quarter of net profits even though it declared itself in commercial production on February 1st. Though we should get the next set of quarterlies through from IO.v soon…there’s always hope that commercial really means commercial this time. Right guys?