GREY:GYPHQ - Post by User
Post by
red911on Jun 21, 2013 8:48am
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Post# 21564989
Borealis Gold Sales...
Borealis Gold Sales... Since SIMULTANEOUSLY signing the SENIOR CREDIT FACILITY and GOLD STREAM agreements in about Jan 2012, Waterton has been purchasing every single ounce of gold produced at Borealis at a discount... and has the right to do so from now UNTIL THE END OF TIME as far as I can tell. Anyone else find it more than a little odd GGN would have agreed to a loan with +20% interest AND sign away their ability to sell gold in the free market for everyone to see? Acumen and Roth financing did not require such terms IMO. It's not like they pre-sold a certain quantity for a pre-determined amount of time or at a pre-determined discount in exchange for cash... I have seen many such mutually beneficial agreements... but GGN agreed to a loan at +20% interest AND in a seperate agreement agreed to sell ALL of the gold produced at Borealis to Waterton at a discount. Why? Just saying.