Voltalia Ord Shs VLTAF

financing

[ALLEN4]

No I rent an apartment, seen to many people for whom the family home is a ball and chain around their neck.

I am going to try to get my hands on some cash for deployment here and another I like is BSX.  I think we may have a good window, at least a few months.  I think wise people turn problems into opportunties, and if you believe in this company's future it is an opportunity.

I am very happy about our money in the bank, about 40 mill?  I know we are burning through cash at a pretty good rate and within a year we will need another injection of cash.  But a lot will happen within a year and we will have begun our proper search for the means to finance the capex for Kiaka mine.  That is where it is going to get exciting.  And its the shape of that financing probably more than the drilling thats going on that is going to shape the nature of our investment going forward.  So we are going to need over 600 mill and we have 40 million and that we are burning through pretty quickly.   But.............we have all this gold................let's make a deal!!!

[gold_diggers1]

what are financing options which can be examined by Standard Bank to develop Kiaka once NI 43-101 resource for Kiaka South is out and the DFS is completed (at which time cash probably has been depleted)?..... debt, bond, equity, JV, hedging, sale of other properties, takeover, combination of those etc..?    .. GLTA  

[ALLEN4]

When you consider our options, the great thing about it is the market is not currently putting a value on the gold in the ground at Kiaka, any of the other properties and gold projects we have, the copper we have, and the management and expertise we have.  We can sell property and get cash for something that the stock market is attributing no value to.  Worst case scenario, we can sell