RE:RE:had enough of sitting on this dog. cpn also has 216,000ozs of gold hedged at 1600/oz which is worth 86.4 million with gold at 1200.
the net loss is for completing plant construction.
they also have 10 million ozs 43-101 proved of gold in romania that is not as collateral on the loan.
it is high risk high reward at the moment.
As of Dec. 9, 2014, Macquarie has advanced a total of approximately $181.6-million (U.S.) to MRDM under the facility.
just checking out your stock figured i would explain some things about cpn.