TSX:LSG.DB - Post by User
Post by
clestoron Apr 12, 2012 10:30am
393 Views
Post# 19785285
This is getting messy
This is getting messy They basically pre-sold 26,800 oz for $35 mm ($1,306 per oz) and borrowed an additional $35 mm at 9.75% plus a 2% drawdown fee plus a 4% rollover fee. In addition, Sprott charged an application fee of 13 mm wrnts (5 yr life) with $1.30 strike.
Financing for gold mines is expensive these days.
I didn't think they were going to need this much additional financing.