Debenture Mbale,
I know I sound like a perrot but we need to get this project rolling now. How long as it been? Rosen diluted and got his mill for OSK and within 6 months, the SP more than what? triple?. A debenture versus dilution is too expensive. The interest would kill all hopes for the royalty program. Years would be needed to pay this off while dilution will immediately bring cash flow to us, no string attached (what is so hard to understand, wink wink). Let's be realistic, I would rather have 1000 shares with gold being milled than having 1 million shares worh nothing. The gold is there! What else is needed to prove it? Nothing. Who would not want to invest in a company that has only 20 million (bye bye penny flippers) share float, invest in a PP at 1 dollar a share/200 million shares for the sole purpose of getting a mill knowingly aware that Granada has a min life expentacy of 20 years/ 100 K oz/year min? Name me a junior with 200 m/share producing 100k oz a year! SAS has 350 million shares with debentures and royalty and still making 20-25 m/year cash, SP at .48. You will not get a debenture under 10% interest so please gals and guys, do the math.