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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by SchiffKnowsBeston Sep 15, 2012 9:01am
356 Views
Post# 20366729

BMO Loan

BMO Loan

I wonder how RH will address this question at the AGM?

 

--> So Rob, how exactly did you manage to get that $10mm loan?  I work for a bank and there's no way a Venture listed company, with very little cash, drilling in Colombia, at least 4 years away from production, with no collateral, and no previous previous credit history is getting that loan....So how did you manage to secure $10,000,000 at prime plus a half when I can list you examples of other TSX companies who have had to pay at least prime plus 3%, pledge assets, etc, etc..........Please enlighten us on the circumstances for that to happen?

 

How do you suppose he tiptoes around that one?  Answer......He knows he can't and my guess is the reason will be revealed before Thursday morning. 

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