RE:Loan We knew that we were running out of cash because of the Argyle disaster. And, even if production got back to anticipated levels, a large portion of the ounces produced had to be given away because they were pre-sold at the end of last year.
We definately were bound for a financing to be able to finance the work being done for Goldboro. At the present share value, that would have been very hurtful in terms of dilution.
So, Kevin has succeeded in getting out of a bad situation by "postponing" the repayment of the pre-sold ounces until 2023. I really hope that our share price will take off with the milestones to come until then and any financing we have to do will be a lot less dilutive.
Let's prey that the bad news are all behind us and that we can start a steady flow of GOOD news.