GREY:GDPEF - Post by User
Comment by
damianchosenoneon Jul 09, 2019 3:35pm
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Post# 29900742
RE:So strange how it all worked out
RE:So strange how it all worked out100% One of the first offers prior to final bids was the pay sprott down to 5.5 million( means they would get paid 4.5 million for dip and interest) and be back at where they originally borrowed. The rest of the loan would be paid down with production and cash flow. The group offered to pay the entire CRA debt, pay the unsecured creditors part of their debt and put 7 million towards the project all while keeping shareholders intact. The 7 million would be used to first get gold from tailings and pay of the sprott loan. PwC for some reason wanted then to pay more to sprott. If you look this was meant to fail on purpose while pwc makes half a million and jack makes 250k