Greetings!
It’s a new year. But it may seem surprisingly like the old year when you deal with your banker trying to handle letters of credit.
Continue reading “NEWSLETTER – NEW YEAR, BANK’S OLD PROBLEMS!! SOLUTIONS!!”
Greetings!
It’s a new year. But it may seem surprisingly like the old year when you deal with your banker trying to handle letters of credit.
Continue reading “NEWSLETTER – NEW YEAR, BANK’S OLD PROBLEMS!! SOLUTIONS!!” →
Greetings!
Last month we told you about “last mile financing” in the mining arena. This is, you will recall, bridging the gap between when miners normally need to be paid, and when the trader can cash the letter of credit once the cargo has been loaded. We had a number of responses to this message, and have found there is particular interest in shipping, for example, iron ore or manganese ore from Mexico and other spots in Latin America. We have already closed one such relationship, and expect to complete several other fundings over the next few weeks. This particular finance structure is suitable for the industrial ores, but you should not think of it as being usable for precious metals like gold or silver.
Greetings!
About 600 years ago it was common knowledge that if you sailed west from Europe, either the ocean would abruptly end and you would fall off the end of the earth, or there were man-eating dragons waiting for you for lunch. Their lunch, not yours. (See our note about this in our PS.)
People living in that era had it tougher because the facts themselves were in short supply. Today there are enough facts around to satisfy everyone if they bother to look.
That’s why it’s so amazing that misinformation still spreads even amongst professionals in a field.