Someone needs to be educated...least basic principleChonasis said just after released BFS then STGO get $65M loan, success. With 9% which is good for cover early interest difference between deposit & loan interest rates. So, TDBM lend money with 9%pa for tranche-2 of Gold-2 programme, lower than early 11% interest. But STGO lost more from Capitron bank deal between deposit rate 5% & loan rate 8.2%. Borrow own money paid extra 3.2%?
Difference between Capitron's "short term investment" rate is 3.2%, but TDBM loan is 2%. STGO loosing 1.2% every month.
And, i think $65M linked to project stages. Means TDBM shall release that loan piece by pieces relating to fund requirements of every project stages. + tight control over mining & development activity. Because it's Govt. money, taxpayer's money.
Why don't just raise money from Asian stock exchanges? Because of COPs in there. That's why they changed independent auditor from international background to local ones.
Someone really needs to be educated....Hah...STGO get the loan-Wonderful news...HA-HA-HA...completely Bull'Sh't