GREY:PGDIF - Post by User
Comment by
ekimon Jun 06, 2017 12:54pm
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Post# 26330437
RE:RE:RE:News – Archon Minerals – Royalty @ EKATI = FUNDING for PGD
RE:RE:RE:News – Archon Minerals – Royalty @ EKATI = FUNDING for PGDHe has got to pay himself back first.
Archon was in a position of negative working capital by a long mile (all personal loans to Stu) and having to come up with its fair share of capital costs to the DDC projects.
This recent transaction goes a long way to helping out Archon.
The royalty eliminates the pro-rate capital cost contribution.
And it will be a defined cash flow that will help fund the treasury to reduce the loans to Stu.
Stu was happy to keep those loans to the company for years and years and years.
Maybe he is in no rush to collect those loans and the royalty will give them company more flexibility as you have speculated.
LONG...PGD
EKIM