RE: DM's Plan of Actiongreat thought above....really makes one think about what goes through the minds of others....noth inside and outside of the company...most specifically "how they are positioning themselves for the future"........at the Junior level, which we are at, under exploration, on the way to de-risking this deposit to look attractive to the banks to loan money for construction.
Anto is a miner.
IMHO They have positioned themselves properly in the fact that DM must pay back the bridge loan...no matter what...
On July 3, 2014, Antofagasta provided written notice to the Company of its election
to terminate the 25% Option. With receipt of this notice, the Company assumed control over Twin Metals
and has a right on or before December 31, 2014 to purchase Antofagasta’s 40% equity position at a price
equal to Antofagasta’s previously invested costs, which are approximately US $219,773,000, and if this
right is exercised, the Company is required to repay the outstanding principal amount of the Bridge Loan,
including all accrued and unpaid interest, in cash. If the Company does not exercise this right, Antofagasta
will continue to own 40% of Twin Metals and the Company will be required to repay the Bridge Loan, plus
all accrued and unpaid interest, at its option in cash or shares of the Company before Antofagasta’s
ownership interest is diluted as provided by the Participation Agreement.
"before Antos ownership interest is diluted"
..............shares!!!!!!..........for the Bridge loan plus interest