Red Lake Madsen Mine Ltd LRTNF

RE:Interesting Developments

[goldlocator]

They did not give PGM much time. But they do not have to do a huge equity offering to raise 5 million. I hope they can do it through flow through shares since it will be less dilution. It would have been nice to listen in on the talks. They signed for credit card type interest rate....14%. Find a buyer might be tough unless Anglo has already agreed to buy the shares. 

Surprised to see Sprott step up. let it go under and I think they get it all. I suspect that Anglo was not going to let that happen so Sprott reluctantly agreed to a small loan at a high interest rate and waive the defaults for a short period of time. A weekly budget until Sept 30???