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Post by enriquez on Jun 26, 2018 15:51:13 GMT 4
I have a new client that has 6,000 Kg of copper power – Cu65 and CU90 according to an SGS report for about 2 years back. According to him, this powder has a price of between $600 to $1,000 per Kg. It is 6ns in quality.
He asked me whether I would be able to find a way to monetize the powder. It is sitting in a warehouse in Switzerland at the moment.
Anyone knows if this commodity has qualified to be used as collateral, obtain funds and place the funds in a private placement transaction?
If so, could you please suggest the steps the client must take to be able to reach his corporate goal?
Thank you.
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Post by congregatio on Jun 26, 2018 23:03:24 GMT 4
yes it has, but at a marketprice minus 30% as a max, plus a storage cost deposit and insurance etc, you may end up at 50% of market value, also depends on borrower, structure etc. some of those are best used a collateral for a debt placement with the bank signing on, really depends what they want
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Post by anenro on Jun 27, 2018 22:06:09 GMT 4
yes it has, but at a marketprice minus 30% as a max, plus a storage cost deposit and insurance etc, you may end up at 50% of market value, also depends on borrower, structure etc. some of those are best used a collateral for a debt placement with the bank signing on, really depends what they want First of all, I would like to thank you for sharing your experience with me. Second, I have questions. (1) I understand the LTV comment. No problem. However, I did not understand the "plus a storage cost deposit." Could you please expand on that? Is the client required to move the commodity and then, pay in advance the storage cost based on a predetermined life of the contract? (2) "the bank signing on." are we talking about my client's bank or the lender's bank? Is it possible for us to communicate via private email? Mine is, "CHAIRMAN dot ANENRO at GMAIL dot COM Once again, thank you for sharing your experience with me. I sincerely appreciate it. Tony |
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Post by congregatio on Jun 28, 2018 1:48:48 GMT 4
depends on the lender and the structure, the bank will require a secure deposit of the commodity, so if it is for example in Bringks Schenker it will be staying there but the cost for the deposit needs to be secure. Bank signing on means the bank which guarantees the payment to the lender. For example if we guarantee or arrange the guarantee which enhances the private placement than that guarantee lends our market credibility to the debt instrument.
you know the email, we were in touch before (legalatcongregatiodotnet)
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Post by tanstaaflconsulting on Jun 28, 2018 11:55:17 GMT 4
IMSE. the value as PPP backing is no longer available. Has expired three years ag AFAIK.
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Post by anenro on Jun 28, 2018 20:20:14 GMT 4
depends on the lender and the structure, the bank will require a secure deposit of the commodity, so if it is for example in Bringks Schenker it will be staying there but the cost for the deposit needs to be secure. Bank signing on means the bank which guarantees the payment to the lender. For example if we guarantee or arrange the guarantee which enhances the private placement than that guarantee lends our market credibility to the debt instrument. you know the email, we were in touch before (legalatcongregatiodotnet) I will send an email to you later today. Danke. |
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Post by anenro on Jul 9, 2018 20:32:15 GMT 4
Richard, I just sent you an email to the 2 email addresses I have from you. Please confirm which of the two email is your preferred one. Thank You.
Best wishes,
Tony
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