How is it more prudent to use low grade feed in the plant to show banks, so they can refinance the mac bank loans. How is that a positive. That should scare the banks even more i would have thought. Shows the deposit is variable, therefore more risk. Something banks dont like and that's risks. Finance to be done in march?, Its april, its not going to happen, lets all move on. Mac bank its going to be principle lender in the next few years, the revised forecasts has indicated that is the case by including the costs of interest from the mac bank loan in the NPV. Get over the refinance people, the company has.
If people are going to worry about anything, its where the company is going to get the 8m for exploration and infill drilling for the Polaris project the next few yrs. Capital raise, loan, sell down of equity, equity swaps? What? LL revenues and cashflow are needed for pay down of existing loans
PGI Price at posting:
15.0¢ Sentiment: Sell Disclosure: Not Held
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