RE:RE:RE:RE:EBRD/Serbia LoanOnce again, thanks for the responses.
Blue, I believe there is merit to your points 1 & 3. For #2, I don't believe that Tim had Podrdje in his sights until recently (the past year or so) - he now needs the potential cash flow. For #4, we're there for 7 years provided we meet the exploration requirements. If we don't, those licenses could easily be yanked out from under us.
Regarding Podrdje, 4 years of exploitation - 60M. Hopefully that's our 1/2 of the pie because the 1st 20M of profit, not revenue, would be needed to pay back the loan.
Itronhorse, I'm unconvinced that a joint venture under license #470 would give us free reign to exploit the property next door - Jarandol. It would be nice if it did but it just seems too easy to me. Besides, a bunch of holes need to be punched into that property before exploitation could commence. Just takes money.
So, our future lies with the outcome of Podbrdje. Has me a little nervous but all we shareholders can do is wait...........closing in on a year already....