You sure the financing backed in Janauary is debt? As I remembered, they were common shares and stock options/Warrants. I do not recall they raised capital by debt but equity($2.1 per shares and $3 Call Option if I am not mistaken). Please advise.
I understand that the shareprice was strongly correlated with the financial crisis recently. However, the variability of this stock was much greater than the financial crisis and share value actually dropped from 1.15 to the current level since the September 19 Reuters report and which is about the same time the financial crisis happened. However, this financial crisis will not end tomorrow and should stay for another year, with all the financial institutions are short handed with cash and investment funds are back away from speculate investment in protecting their own, it is more than likely the supply of Kry is much higher than the demand of Kry and Kry will not survive in this environment for long since it is a one direction downfall.
Another note, if Hugo is not issuing the permit today, he doesnot have to issue the permit after the election too. Over years, I believe Hugo was having absolute authority in Venz and his president seat will not affected by his decision to mine or not to mine LC and/or LB, no matter what. I think there is lack of competition for him in Venz. Please correct me if I am wrong.
To combine all these togehter, I really couldn't see how will Kry survive without or pending for permit for long. I hate to say this since I am one of the Kry shareholder, but the more I wait and the more will realize this might not happen after all.