RE: Rhondas Response to the RE-Financing Question
Of course they are having a hard time finding a lender at decent rates... Pretending they hold all the cards....
1- they are looking for a 5 yr deal with a mine life of 4.. they would be lucky to get loan for 2yrs right now ( they have to prove they have extra ore before a bank will look at them say 8-10 yrs left maybe then they can get a loan over 5yrs then ) If you know mining just because you say you have 5 yrs, it is just a educated guess could be more could be less...
2- They have a terrible track record and 10mths of running is not going to clean it up...
3- The only option they have is to pay off the loan.....
4- They have to prove life after Cantanun... that will take time
Imo Rhonda should be working on why we are trading at 11cents... and coming up with a strategy of how this can be rectified... The cash flow they have has done nothing to prop up share price... hopefully that will change... keep an eye on these guys... Quiet frankly Rhondas quick response's I would trade for a share price of 25 cents right now...GLTA