RE: RE: tara hassanThe Sprott deal required Timmins to pay 1,667 oz gold monthly to Sprott. Depending on whether there was 2 or 3 months of payments left the new deal does not really save the company much. And since we now have to pay interest (and a 300K share bonus to them) it's questionable as to whether we save anything. It's worth keeping in mind that Sprott would not be agreeing to a new deal unless it would produce more $$ for them than any agreements already in place.
The issue on the table still remains: Why did they need to borrow additional money from Sprott (at 12% a year) when they should currently should have good cash flow to support their needs?????