Karora Resources Inc T.KRR

LOAN

[sopot]

It is time to get Revolving Line of Credit ($25 - $30mln) or better terms loan( 5% or less). Paul you brought your financial guy on the board (Barry Dahl), let him be more active and show some initiative/succes in achiving that. Taking into consideration Karora"s strong cash, equity, high margins,etc.,etc., it shouldn't be so hard in getting that - why it takes so much time?

[Farquar]

I could be wrong here, but I think what has been holding up their quest to get a new line of credit is that these different lending institutions may be demanding that Karora agrees to hedge a certain amount of gold production and Paul Huet does not want to get trapped into another hedge agreement. ( I agree with the decision to not hedge) Anyways, as each month passes by , and as their cash