RE: RE: RE: Listened to CC "Is it possible that Premier Gold is selling their recently acquired equity?"
Based on the fact they converted a portion of the warrants ($15 million) at the detriment to the loan facility which is still in place until July I believe this is very likely.
From CC:
"So basically as they convert from warrants into equity the loan facility goes away if that happens before July and so example just recently they transferred $15 million, slightly more than $15 million of the warrants into equity and so they can no longer borrow $70 million from us between now and July. It's I think down to approximately $52 million I think they can borrow as an absolute maximum, and again at the end of July it goes away completely."