This company came back from the brink of bankcruptcy to aspirations of becoming a mid tier gold producing company within 1 year! Congrats to Marguerite for organising all this!!
No more roalties as per the NR is very good news as well.
Only 3% of reserves and P&P resources at Lamaque are hedged and promised to Deutche bank for the $33M loan.
$60M in equity and loan financing in a company that was already cash flow positive will give us the flexibility to really develop our resources.
I think this company will have an excellent 6-12 months and beyond.
Glorieux