RE:Argonaut Gold Inc. Q4 2023 Earnings Call TranscriptArgo--
Richard Young
So the refinancing is to take the banks out and provide a facility that matches our cash flow and growth needs. So again, we need more flexibility than the current structure allows. And so it will be a completely new facility. And it does not reflect taking out or incorporate taking up the converts next year. We'll deal with that next year. .
Mr. Young apparently thinks that listerners and readers know all the alternatives, banks being dismissed as inadequate; leaving investors in the lurch could lead to wild speculations. We reassert that, notwithstanding a narrative about astute and noble problem solving during growing pains---one can't but admire the grit and determination to forge ahead---there is but one consideration, debt refinancing. Franco Nevada knows and we know. IMO