GREY:PTQMF - Post by User
Comment by
wwadehammeron Oct 30, 2013 7:16am
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Post# 21860725
RE:Another Fib
RE:Another FibSorry, I copied the Quarter 2 subsequent events, not Quarter 3. Here's quarter 2:
27. SUBSEQUENT EVENTS
Subsequent to the six months ended November 30, 2012:
Due to a reduced production volume during the month of December 2012 as a result of a planned maintenance shutdown and the initial lower efficiency of re-aligning the production process to incorporate the 4th ball mill, the Company has requested Deutsche Bank for a delayed delivery of December 2012 ounces as per the terms of the Gold Agreement and Silver Agreement (Note 15). The Company has had discussions with Deutsche Bank during January 2013 about rescheduling deliveries out of near term production or by means of a cash payment.
Nothings ever mentioned about being in default of contract terms in either quarter 2 or quarter 3.