GREY:GBRIF - Post by User
Comment by
fungi294fron Oct 05, 2012 3:57pm
140 Views
Post# 20454435
RE: GBN
RE: GBN You are correct Stock. Not massive equity issue but possibly a small increased finance.
Questions regarding capex and depreciation ........ were basically danced around.Answered with still working on those figures as more information comes available, moving target, unable to comment until we have certain reserve estimations, blah, blah. Until Mark Theil, from behind the head table, spoke in almost a whisper that further financing may be required but Waterton have been extremely accommodating, blah, blah and because of the current debt facility terms Waterton has been closely scrutinizing operations to ensure performance targets are being met. We were given some details in regards to meeting said conditional milestones ....... for example 3 consecutive months at certain production levels.