TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Nov 26, 2024 7:18am
Debt Discussion 2.0
an. .... ... There is many ways one could interpret that statement., but the way you make it come across is as if DEC , year 2026 is ONLY date. I would have to disagree; with James's background in financings I don't think this could not be paid before. And I'm sure the lender would love to be paid before. This would be a good question to ask JJ shareholder relations. OR read the contract. @RAW411 1
@littleowl Ooops, typo, good catch @Mdoc, although I think they could exceed that 6 million from additional new higher grade feed with ore sorters at pinguico and Horcon. 1
@RAW411 @oroBlanco I stand corrected, in that The Company has the option to repay all or part of the Expanded Facility at any time with 30 days' notice and the payment of a fee of 3.0% of the Expanded Facility Amount repaid. I don't think that the lender, Ocean Partners, is interested in getting paid out early,as the deal was based on the price of gold back on November 29, 2023 @ $2,046.95 USD. It is currently 29% higher @ $2,651.00 USD. Ocean Partners took the risk if the price of gold was to go down, but reap the rewards if the gold price went up...as it has...
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