Well beandog I stole your title for my email to RM today, he responded promptly as always:
Sent: Wednesday, December 21, 2011 11:12 AM
To: Richard Marshall
Subject: I have to agree that the silence is deafening
Richard,
Exactly when do we have to repay the bond holders for the $100 million
due on December 23rd? Do we have any grace period or time by which
payment is due, or are we in default at 12:01 a.m. December 24th?
Thanks
_____________________________________________________
Hello Mr. XXXXXXX. I have not seen the note indentures regarding the 2004
notes and have not gone on SEDAR to see if they were filed. Certainly by
public disclosure the notes are due to mature on December 23, 2011. The
Company has been working on the Placement and the capital to retire those
notes and fund the Company for the duration of the ICSID proceedings.
Material news and steps will be reported in a timely manner with press
releases and regulatory filings.
Rgds,
Richard Marshall