RE:RE:RE:brilliant move setting up contingenciesfrom the news release, the under certain circumstances is for termination from a superior proposal. it does not say a vote of NO is a certain circumstance. in any case cad$2 mil is not the end of the world when the current a$350 higher gold price on 70k oz gives an additional a$24.5 mil cashflow.
the bridge loan is a contingency that they can draw on in 1 mil increments. nowhere does it say they actually drew down any amount of that loan which camel is assuming. a contingency is not something that has to be used. the ability to convert it to a gold loan is a good thing when it is at the current very high gold price.