Ann: Proposed Toronto listing and merger with Golden Harp, page-106

Maca is a mining contractor company that
Operate the mining operation at Tucano
They are a huge company that mine
For many companies
When contracted
they bought the company mining fleet from BDR
Which injected cash
Maca probably worked for free early as well
as BDR have a debt agreement with them as well.
BDR could have folded at that time
as POG was low and loans were hard to get.



SBM has never looked like going under....ever.
They had $70 million cash...
and Leonora was always making good money.

There debt notes of over $600 million were 4 years
away from requiring payment.
The debt notes were to cover the cost of buying the pacific operations.

It was only a matter of closing down the Soloman Islands
Which happened and closing down New Guinea if required...It wasnt

Cheers