RE: RE: RE: RE: RE: RE: RE: NR - Extension of Debt You make some good points slick but SART wasn't just a 2 million settlement, I'm sure there were some initial costs, as well as some lease payments and I vaguely remember a loan from Bioteq that needed to be dealt with. Even if it was just 2 million that is a quarter of present productions profitability that could have been used to explore the property. Remember this is for a plant we don't use and hopefully we didn't even need to use or we are really screwed
Stack that on the "reuse of the old leach pads" debacle which is a bigger f@## up and it finds us in a current debt problem that we did not have to be in.
Your absoluely right this project is not a dud I think it is a gem but the jury's still out on management.
These 2 mistakes alone are enough to get a CEO fired.
Is the debt extension a bad deal? no we had to have it. I realize it 's a tough financing situation for miners. We needed a longer extension at least a year because in march if we don't have a underpriced takeover we will give our lenders another 10,500,000 shares as well as some cash for another 6 months. Of course our lenders love us we are a debit machine for them with our undervalued and underdeveloped project.
Q3 and Q4 is key lets see what Jojoba does for our bottom line. No more F@# ups and all will be forgiven.