RE:ERD vs STGO..Equity or Loan?Jack - You summed it up perfectly in your first 4 words...you could and should have just left it there when you said : "I have no idea" - That is the only thing you've ever posted that is actually truthful. You truly have no idea, no clue whatsoever what the eff you are even talking about. You are a sewage pipe left open spewing garbage into the rivers of the "stockhouse world".
OF COURSE the $65 million is a loan...dum dum....that's what debt financing is. The company announced their highlight numbers from the DFS, and only a couple weeks later have already secured 1/2 of what they need for Phase 2 expasion.....and you and your clueless ("devil in the detail?" buddy Ogo) are trying to spin this as bad news? What a joke....
How do you think they're going to pay for the loan and the rest of expansion - well my memory says they were aiming at 70/30 split between debt financing and own equity (based on cash generation from Ph1 Heap Leach operation). They now already have 50% of what they need for Ph2 expansion secured....leaving another +/- 20% of the Ph2 cost for other investors (debt capital...yes LOAN) and +/- 30% from their own (future) coffers from PhI between now and 2023-ish. They already have circa $40mil equivalent of gold sitting on the pads that's been mined and stacked just begging to be leached.....hopefully they are now or soon overcoming the reagent supply chain issues caused by the border due to Covid. If they continue at expected run rates through '22 and '23, then all the numbers work out swimmingly for shareholders (like me, unlike non-shareholders like you and Ogo).
So "Get er done" ? "Execute"? you ask? Well getting 65 mil in the bag 2 weeks after DFS numbers are released is "getting er done" and "executing" the plan by any logical measure..... 65 mil secured, huge upside exploration potential, (hopefully) imminent / near term re-start of leaching of already mined ore for quick (albeit deferred) cashflow, expansion already started....and what Market Capt of under $90million right now? This is a no brainer and it's finally great to see the beginning of what "should be" some sustained upwards momentum after an overall crappy year for the SP. Long-term investment thesis remains unchanged by any of these Covid impacts.
But you can lie, spin, twist, bash all you want! I see I'm the only one that actually responds to your nonsense, so I guess I am your "fan following" (that is sad).
JMHO
Chonasis