- MiningMaven on:
Horizonte Minerals: Because the Banks won't lend you an Umbrella when its Raining!
#HorizonteMinerals $HZM We noted with interest Horizonte's (LON:HZM) equity finance deal with Darwin, announced last week. It may seem strange that the company should set up such a facility with no immediate intention to use it, as the company has a robust cash position and no immediate need for additional cash.
But we think there is a good justification for small to mid-sized AiM companies having access to multiple sources of finance, should the need arise and there are a number of reasons for this: