RE: RE: BMO Loan I was thinking along the very same lines (re: Placement) earlier this week but if it were the case I don't think the terms of the loan would extend until 2014. Plus there's so many things that could go wrong in the meantime, POG crash, market crash, Columbian politics, etc, etc. I don't think banks typically take these types of risks (at least in Canada).
There got to be more to it. There's either a deal in hand or as Schiff pointed out the loan was guaranteed by a third party. I still believe Batista has guaranteed this loan so that RH could attain 100% ownership in the concessions thereby expediting and streamlining the ultimate sale to AUX.