TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Sep 06, 2024 8:13am
GSVR Debt Is A Priority
Will be paid off easily.
rket that it clearly wasn't happy with their debt position and improving that is high on their priorities.i think that could go a long way to attract investors that have been put off looking at the books.
1
@Silversurfer They already talked about this in the News Release of 21.05.2024: „The first loan is a US$5,000,000 silver and gold pre-payment facility (the "Facility") with Swiss-based precious metals trading firm OCIM Metals & Mining S.A. ("OCIM") (see GSilver news release dated March 16, 2023 - "Guanajuato Silver Arranges New US$5,000,000 Facility with OCIM"); the remaining balance of approximately US$3.2M is scheduled to be repaid in full by September, 2024.“ 1
@bedrag True. This will save them $500k per month. 2
@OroBlanco Paying debt down is much better than Dilution up . Let’s see what happens . I see good intentions but you never know with Juniors . @bedrag
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