Argonaut Gold Inc T.AR

Solvency is Not a Word to Embrace

[psych01]

Moot are all other issues until this is cleared up in a fashion positive: 
On December 15, 2023, the Company obtained a waiver on certain financial covenants on its $250 million financing package (collectively referred to as the “Loan Facilities”). It was anticipated the Company would not be in compliance with certain financial covenants as at December 31, 2023 and accordingly obtained the waiver to prevent a default event which could trigger the Loan Facilities becoming immediately due and payable. On February 28, 2024, the Company received a further waiver on financial and nonfinancial covenants until March 8, 2024. The Company continues to work through its refinancing plans with both current and prospective lenders. The Company will require an additional waiver from its current lenders on or about March 8, 2024, to avoid a breach of covenants, and anticipates the current constructive refinancing process to continue thereafter. An unremedied breach of covenants can have an adverse impact on the Company’s liquidity and solvency.   IMO

[60PlusWhoCares]

Webcast this morning at 10 AM  go listen to it and learn something instead of all the garbage you are posting here basher

[psych01]

This post has been removed in accordance with Community Policy

[60PlusWhoCares]

You need spell check

[okgonow]

ok lets just keep it a bit real psych....you are scraping bottom here suggesting there is going to be a solvency issue ... you think with 48/49% institutional ownership and the Magino mine only up and running at comercial production (but not at full capacity) for 3-4 months those guy are going to let their investment go insolvent???? NOPE... didnt think so

[60PlusWhoCares]

you are losing your time with kids like that 

[kojack1]

Mr. Psych has little going for him and has to see the glass only half full, looks like spends most of his day with a magnify glass reading between the lines or over analyzing ever word to death, get a life and go on a vacation, I'm heading to Jamaica next week, should come here smoke a splif and enjoy life, it's short.

[psych01]

Ok--please read everything, then do the knee jerk;  an additional waiver from its current lenders on or about March 8, 2024, to avoid a breach of covenants, and anticipates the current constructive refinancing process to continue thereafter        AR 'expects' to continue, but the unassailable fact is that this NEEDS to happen, subordinating all other matters until

[SHEEPBAAA1]

yes psych01 i read that too. so March 8 the company has a chance to become insolvent? not good news release imho The Sheep

[psych01]

Sheep--that's the point, denial is a basic human trait not just a river in Egypt---the mere disucssion that keeps on cropping up, AR constantly on the edge of insolvency, that's the point I'm trying to make.--why try to avoid the disucssion.  IMO