Americas Gold and Silver Corporation T.USA

Facility & Offtake Agreement

[jdbutts]

Around 11.5% for secured debt seems a little pricey, but provided the Offtake is truly "on commercial terms", it should work out for them.  Let's hope for an aggressive Fed Rate cut in December, which will save them money.

[jdbutts]

Oops! Should read "September"; not "December".  Hope it will end up being both. 0.5% cut in September and another 0.25% in December.  That will save them 75k a year in interest (if cuts flow through to SOFR.) Expect Q2 Financials in next day or so.  Not overly optimistic re. positive cash flow, but do expect to see them approaching that target.  

[Tartar3]

This company seems to have 9 lives, everytime I believe they're coming to the end of the road someone else takes a chance on them, I guess its nothing like hard assets, which seem to never go out of usefulness, now where is the financials they promised on or before 8/14/24 on the website, its 8/14/24 todayDisable Ginger in this text fieldDisable Ginger on this website×

[Tartar3]

2 notes from the 2nd qtr report of interest for me 1. They will start negotiation with debenture holders to extend terms 2. With higher gold prices Relief Canyon is back in play

[a2bman]

secured debt and 11.5%  wtf, my creditcard does better than that