GREY:SWYDF - Post by User
Comment by
pharesfon May 04, 2012 12:07pm
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Post# 19871885
RE: RE: RE: it's good news to me
RE: RE: RE: it's good news to me I am not sure what kind of rates others in the industry would get in a similar position, so my understanding is limited. But $2.4mil in interest every year will add up quick! Not to mention a 1% royalty, which could end up making the actual rate of interest on this 20mil note a fair bit more. Especially if net profits are substantitive
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I am a little startled by these terms
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Phares Francis
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p.s. Shore Gold's financing that was just referenced, we can't say for certain because of the secrecy of management But in my opinion that which just fell thru, was a lot more than just a 20mil note! More of another Joint Venture. After being involved with SWY and SGF, I no longer will invest in diamonds, that's for sure! But I am still hopeful with these two, Swy more so....