RE:RE:Financing coming up?A financing is always possible, though Canaccord did not think this was in in the cards in their most recent November analysis, (I expect most have seen this, and many, if not most, don't believe analysts in any case):
"Solid balance sheet with flexibility to fund Fekola while also supporting prolonged periods of depressed gold prices
B2Gold ended Q3/15 with $87 million in cash ($112 million in working capital) and approximately $461 million in total debt outstanding (face-value). The debt includes $175 million drawn from the $350 million revolving credit facility (interest rate of LIBOR plus 2.25-3.25% and maturity on May 20, 2019) and $259 million in convertible senior subordinated notes (interest rate of 3.25% with semi-annual payments on April 1 and October 1 until maturity on October 1, 2017). Management remains comfortable with funding the initial capital requirements for Fekola through operating cash flows (we estimate $470 million from Q4/15 - Q4/17) as well as the additional $175 million available under the credit facility (which we model being drawn in Q1/16 ahead of the heavy spend period). Based on our current forecasts and assuming the additional $175 million drawdown on the credit facility, we foresee no capital shortfalls to the company to the end of 2017 provided the gold price were to average above $1,036/oz during the same time period. "
They maintained their Focus status and $3.00 target at that time.
GLTA WKH