Talked To Stan The last few days I talked to the current CEO Stan Bharti about the P.P
" I believe the Company is far stronger with a good balance sheet and the ABILITY to complete its main project rather than before. The biggest risk to DSM was the project completion risk, this has now been removed. In the long term, that is better for our shareholders."
" We had the debt in place but this always has too much leverage in it, so when we were offered a "bought deal ", the Board thought it prudent to go for it ".
"we now have a BETTER AND STRONGER BALANCE SHEET, which is critical for juniors?
We did have a debt facility in place, but we had such security on it that it would have tied the Company up much more and potentially hurt us in a down dip in gold, had we drawn on the facility
Now the Company is free of all outside obligations, we dont have any bank covenants to worry about, and we can focus on what will REALLY DELIVER SHAREHOLDER VALUE, which is get the mine going."
thank you Stan
mack